NEW YORK (TheStreet) -- Restoration Hardware Holdings (RH) shares are rising in after-hours trading today after the home furnishings retailer reported its fourth quarter fiscal results after the closing bell Thursday.
The Corte Madera, CA-based company reported a 19 cent increase in its year over year quarterly EPS, earning $1.02 per share after earning 83 cents per share during the same period last year. Net revenues for the period increased 24% this year after increasing 18% last year to $582.7 million.
Analysts on average were expecting the company to report fourth quarter earnings of $1.01 per diluted share on revenue of $582.5 million.
"While we have been negatively impacted by the West Coast port disruption in the first quarter of this year, we believe at this point, most of the revenue and earnings not recorded in the first quarter of fiscal 2015 should shift forward and have a positive effect on the second quarter," said CEO Gary Friedman.
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 some important positives, 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 robust revenue growth, impressive record of earnings per share growth, compelling growth in net income, good cash flow from operations and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook."