Restoration Hardware Holdings Inc. (NYSE: RH) skyrocketed about 20% by midday trading after the home furnisher, late last evening reported very strong fiscal fourth quarter results and provided upbeat guidance on the fiscal first quarter and full-year. The Company reported earnings of 64 cents a share, while analysts’ consensus estimate was for earnings of 60 cents a share, according to a data compiled by Thomson Reuters. Net revenue surged about 30% to $398.05 million in the fiscal fourth quarter from $305.24 million, in the same quarter of last year. Analysts’ consensus forecast was for revenue of $390.86 million. Same-store-sales soared 26%. For the fiscal first quarter, the Company expects revenue growth 28% to 31%. For the full fiscal year, it expects revenue growth of 19% to 22%.
Continue reading Major Movers on April 19; RH, VRTX, IBM, ACTG, MSFT, EFII