RH getting crushed today, down over 14%, but working it's way up from the open price which gapped way down. Restoration Hardware cuts its outlook, blames the election, and its stock is crashing Source: http://www.businessinsider.com/restoration-hardware-announces-earnings-cuts-guidance-2016-12
Restoration Restored Wed, Sep 11, 2019 After quadrupling in price from early 2017 through June 2018, high-priced furniture maker Restoration Hardware (RH) lost HALF of its value from June 2018 to June 2019. As most investors are well aware, in order to make back a 50% loss, you need a 100% gain, and that is exactly what RH has done over just the last three months. All of the stock's losses were fully "restored" today after the company reported a blow-out triple play after the close last night. The stock beat consensus EPS estimates by 50 cents ($3.20 vs. $2.70), beat consensus revenue estimates by $9 million, and raised forward guidance for 2020. Following the triple play earnings report, RH was volatile in after hours and pre-market trading, but it has been flying higher since today's open, causing a significant breakout to new all-time highs. The health of "luxury" retail has been questioned in recent months, but RH's skyrocketing share price over the last 90 days is painting a pretty rosy picture for the group.
