NEW YORK (TheStreet) -- Shares of Restoration Hardware (RH) were gaining 3.1% to $89 after-hours Wednesday after the home furnishing retailer beat analysts' expectations for earnings and revenue in the fiscal third quarter.
Restoration Hardware reported earnings of 49 cents a share for the fiscal third quarter, beating analysts' estimates of 48 cents a share by 1 cent. Revenue grew 22.5% year over year to $484.7 million for the quarter, above analysts' estimates of $481.91 million.
Looking to the fiscal fourth quarter, Restoration Hardware expects earnings of 99 cents to $1.01 a share and revenue of $575 million to $585 million. Analysts expect earnings of $1 a share and revenue of $582.84 million for the fourth quarter.
TheStreet Ratings team rates RESTORATION HARDWARE HLDNGS as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
"We rate RESTORATION HARDWARE HLDNGS (RH) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows weak operating cash flow."
You can view the full analysis from the report here: RH Ratings Report