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Restoration Hardware Holdings Inc ( RH ) saw its stock spike on Wednesday and reverse a pre-market loss.
Clearly, the markets didn't totally buy that rationale last time - RH stock plunged 23% after the company gave that lame excuse in late February. The caution proved well-deserved, as you can see by the current price action.
Restoration Hardware's EPS for the fourth quarter of 2015 failed to meet the $1.39 expectation that was set by analysts. It's revenue for the quarter also failed to match Wall Street's estimate of $711 million.
Restoration Hardware updated its outlook for Q1 2016 and it includes EPS ranging from 4 cents to 6 cents and revenue between $452 million and $456 million. Analysts are expecting EPS of 17 cents and revenue of $460 million.
Due to the nature of RH's stock spike, it's possible that this could be a case of a dead cat bounce.
RH shares were up 4% as of Wednesday morning.
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The post Restoration Hardware Holdings Inc (RH) Stock Spikes Reversing Pre-Market Losses appeared first on InvestorPlace .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
