RH Q3 2023 EPS $(0.12) Down From $3.78 YoY, Revenue $751.225M Misses $786.740M Estimate
Portfolio Pulse from Benzinga Newsdesk
RH reported a significant decrease in EPS to $(0.12) in Q3 2023 from $3.78 in the same quarter last year. Revenue for the quarter was $751.225M, which fell short of the estimated $786.740M.
December 07, 2023 | 9:11 pm
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NEGATIVE IMPACT
RH experienced a sharp decline in EPS and missed revenue estimates for Q3 2023, indicating potential challenges in its business operations or market conditions.
The substantial drop in EPS and the missed revenue forecast for RH suggest underlying issues that may concern investors, likely leading to negative sentiment and downward pressure on the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100