Restoration Hardware Profit Tops Estimates; Q2 Guidance Weak, Lifts FY Outlook

(RTTNews) - Home furnishings retailer Restoration Hardware Holdings Inc (RH) on Thursday reported first-quarter net earnings of $7.2 million or $0.17 per share compared with $1.8 million or $0.04 per share last year.

Excluding items, adjusted earnings for the quarter were $0.23 per share compared with $0.18 per share a year ago.

Revenues for the quarter were $422.4 million compared with $366.3 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.20 per share on revenues of $419 million for the quarter. Analysts' estimates typically exclude special items.

For the second quarter, Restoration expects adjusted earnings of $0.80 to $0.84 per share on revenues of $495 million to $505 million. Analysts expect earnings of $0.86 per share on revenues of $509.8 million.

For the full year 2015, the company expects adjusted earnings of $3.02 to $3.15 per share on revenues of $2.15 billion to $2.18 billion. Earlier it expected earnings of $2.95 to $3.10 per share on revenues of $2.13 billion to $2.17 billion.

Analysts expect earnings of $3.04 per share on revenues of $2.17 billion for the year.