CORTE MADERA, Calif. (AP) — CORTE MADERA, Calif. (AP) — RH (RH) on Wednesday reported fiscal fourth-quarter earnings of $11.4 million.
The Corte Madera, California-based company said it had net income of 57 cents per share. Earnings, adjusted for non-recurring costs, were 72 cents per share.
The results did not meet Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.71 per share.
The furniture and housewares company posted revenue of $738.3 million in the period, which also did not meet Street forecasts. Eight analysts surveyed by Zacks expected $776.9 million.