RH Stock Rallies After Better-Than-Expected Q2 Results: Details
Portfolio Pulse from Erica Kollmann
RH shares surged after the company reported better-than-expected Q2 earnings and sales, with a positive outlook for future growth. The company is gaining market share and planning global expansion.
September 12, 2024 | 8:38 pm
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RH reported Q2 earnings of $1.69 per share, beating estimates, with sales of $829.65 million. Demand is up, and the company forecasts strong revenue growth, leading to a 20.43% after-hours stock price increase.
RH's better-than-expected earnings and sales, along with a positive demand trend and strong growth forecast, have led to a significant after-hours stock price increase. The company's market share gains and global expansion plans further boost investor confidence.
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IMPORTANCE 90
RELEVANCE 100