Shares of Restoration Hardware Holdings Inc. (NYSE: RH) catapulted about 18% by afternoon trade. The home furnisher late on Thursday announced fiscal first quarter results. The Company said that first quarter loss narrowed due to lower expenses. The Company earned 6 cents a share on non-GAAP basis against a loss of 4 cents a share, in the same quarter of last year. Analysts’ consensus estimate was for earnings of 4 cents a share, according to a data compiled by Thomson Reuters. Revenue climbed 38% to $301.34 million from $217.92 million, in the year earlier quarter and topping Street’s estimate for $299.13 million. Same-store-sales jumped 41% compared to 26% in the same period of last fiscal year.
Continue reading Major Movers on June 14; RH, GRPN, CASY, SWHC, GME