RH Raises Third Quarter and Annual Revenue Guidance

On November 15, RH announced its updated guidance for both the third quarter of 2017 and the full year. Third quarter revenue is expected to be around $592.5 million, which marks an 8% increase over the previous year despite reduced revenue due to Hurricanes Harvey and Irma. Third quarter EPS estimates are between $1.02 and $1.04 compared to $0.20 in the same quarter last year. The company increased its annual net income guidance from $70-$77 million up to $82-$87 million.

 

Sonal caught the news and issued an alert at 4:12 pm. The next trade took place at 4:13 pm for $89.30. The stock opened for regular trading the next morning at $100.10. The market closed for the day on Nov 16 at $104.83. That makes a gain of over 17% in the trading day following the event.

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