NEW YORK (TheStreet) -- Shares of Restoration Hardware (RH - Get Report) were jumping 9.95% to $38.80 in after-hours trading on Thursday after the company posted earnings and revenue that surpassed analysts' expectations for the 2016 second quarter.
After today's closing bell, the Corte Madera, CA-based luxury home furnishings retailer reported adjusted earnings of 44 cents per share, handily beating analysts' estimates of 29 cents per share.
Revenue rose 7% to $543.4 million year-over-year and was above Wall Street's forecasts of $511.4 million.
Comparable-brand revenue fell 3% compared to an increase of 16% last year.
The results "were well ahead of our guidance for the quarter due to our ability to ship products earlier than anticipated, resulting in a pull forward of revenue and earnings into the second quarter from the third quarter," CEO Gary Friedman said in a statement.
Friedman also said the company is making several strategic investments and changes to its business model this year that are temporarily depressing financial results in the short term.
For 2016, Restoration Hardware reaffirmed its adjusted earnings per share guidance of $1.60 to $1.80. Analysts are looking for earnings of $1.66 for the full year.
More than 4.9 million of the company's shares traded today compared to its average volume of 2.01 million shares per day.
Separately, TheStreet Ratings Team has a "Hold" rating with a score of C on the stock.
The primary factors that have impacted the rating are mixed. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels and largely solid financial position with reasonable debt levels by most measures.
But the team also finds weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and deteriorating net income.
You can view the full analysis from the report here: RH