RH stock is coming back with solid momentum after the recent fall as Restoration Hardware Holdings (NYSE:RH) reported solid first-quarter results and issued optimistic outlook for the full year.
Results Easily Surpass Analyst EstimatesAround three months ago, luxury furniture maker RH had cut its outlook for 2019, but on Wednesday, the company released its results for Q1 2019, and its earnings beat the analysts’ estimates comfortably. In addition to that, the company again raised its sales and profit projections for the year. Following that, RH stock surged by as much as 22% and now trading ...
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