Restoration Hardware spikes

Investor's Business Daily

The luxury home furnishings company shares jumped 12.7% to 71.93 despite the company reporting weak sales late Thu. Restoration Hardware (RH) said Q4 EPS rose 30% to 83 cents, in line with views. Revenue rose but missed estimates by a hair, at $471.7 mil vs. an expected $493.1 mil as challenging weather in Dec. and Jan. took a toll. Comparable brand revenue growth rose 24%. The company sees Q1 EPS of 9-11 cents, above analyst views for 7 cents.

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