Investing.com - RH (NYSE:RH) shares surged during Wednesday’s after hours session after the company released its second quarter results, which handily beat analysts’ expectations.
The company lost $7.9 million, or 28 cents per share compared to a loss of $6.9 million or 17 cents a share in the year earlier period. On an adjusted basis, the company earned 65 cents a share - easily beating the 47 cents per share analysts were expecting.
Second quarter revenue was $615.3 million, up from $543.4 million in the year-ago period. and above the analyst forecast for $606.4 million.
The company also raised its full-year outlook, and now estimates adjusted earnings of $70 million to $77 million on revenue of $2.42 billion to $2.46 billion. Analysts forecast earnings of $59.2 million on revenue of $2.44 billion.
Shares of the home furnishings company, formerly known as Restoration Hardware, were up nearly 42% during Wednesday’s after hours session.