NEW YORK (TheStreet) -- Shares of Restoration Hardware Holding Inc. (RH) are higher by 12.79% to $97.20 at the start of trading on Thursday morning, as the stock gains from the company's 2014 third quarter financial results, which came in higher than analysts had forecast.
For the most recent quarter the home furnishings company said its adjusted net income was $20.3 million, or 49 cents per diluted share, compared to $13 million, or 32 cents per diluted share for the 2013 third quarter.
Analysts polled by Thomson Reuters were expecting adjusted earnings of 48 cents per share for the quarter.STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
Net revenues for the 2014 third quarter increased by 22% to $484.7 million, while analysts had forecast revenue of $481.91 million for the quarter.
Separately, 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