Restoration Hardware Holdings Inc ( RH ) saw its stock spike on Wednesday and reverse a pre-market loss.
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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