VERB - US Stocks Mostly Higher; RH Posts Upbeat Earnings | Benzinga
U.S. stocks traded mostly higher this morning, with the Nasdaq Composite gaining around 60 points on Friday.
Following the market opening Friday, the Dow traded down 0.03% to 34,491.98 while the NASDAQ rose 0.49% to 13,816.50. The S&P 500, also rose, gaining, 0.24% to 4,461.81.
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Leading and Lagging Sectors
Energy shares jumped by 0.7% on Friday.
In trading on Friday, industrials shares fell by 0.4%.
Top Headline
RH (NYSE: RH) reported better-than-expected second-quarter earnings on Thursday.
RH reported quarterly earnings of $3.93 per share, which beat the analyst consensus estimate of $2.56, a 51.36% decrease over earnings of $8.08 per share from last year. The company reported quarterly sales of $800.48 million, which beat the analyst consensus estimate of $784.90 million, a 19.28% decrease over sales of $991.62 million in the same period last year.
The company raised the low end of its revenue guidance for the full-year 2023 to a range of $3.04 billion to $3.1 billion versus the $3.07 billion estimate.
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