Previous Close | 296.99 |
Open | 330.54 |
Bid | 351.05 x 1000 |
Ask | 351.48 x 1100 |
Day's Range | 325.51 - 354.86 |
52 Week Range | 207.26 - 406.38 |
Volume | |
Avg. Volume | 544,383 |
Market Cap | 6.345B |
Beta (5Y Monthly) | N/A |
PE Ratio (TTM) | 36.78 |
EPS (TTM) | N/A |
Earnings Date | N/A |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | N/A |
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Shares of RH (RH) — formerly Restoration Hardware — are jumping in Thursday's pre-market trading all the way into the close as the company posted a fourth-quarter net income of $11.4 million. The home furnishings chain emphasized these earnings results as it claims it faced the "most challenging housing market in 3 decades." Yahoo Finance Anchors Brad Smith and Seana Smith break down the latest developments for RH as it navigates a tricky housing market. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. Editor's note: This article was written by Nicholas Jacobino
The broad U.S. stock index advanced 0.1%, notching its 22nd all-time high of the year. The Nasdaq Composite fell 0.1%. A resilient economy, excitement about artificial-intelligence technology and expectations for interest-rate cuts this year all bode well for the stock market.
**RH (RH)**: The furniture retailer forecast customer demand would pick up this year as interest rates ease. RH stock jumped 16%, on track for it highest close since September. **Walgreens Boots Alliance (WBA)**: The pharmacy giant booked a steep quarterly loss, reflecting a writedown on its VillageMD unit, but its adjusted earnings trumped Wall Street's expectations.