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RH shares jump 14% on EPS beat

Shares of RH jumped more than 14% late Tuesday after the home-goods corporate, previously known as Restoration Hardware, reported fourth-quarter income above Wall Street expectations and forecast higher profits within the first quarter. RH stated it earned $261,000, or 1 cent a share, compared with $9.4 million, or 23 cents a share, within the year-ago period. Adjusted for one-time items, RH earned $43.three million, or $1.69 a share, within the quarter, compared with $28 million, or 68 cents a share, a yr in the past. Sales rose 14% to $670.three million, from $587 million a yr in the past. Analysts polled by way of FactSet had expected adjusted income of $1.56 a share on sales of $672 million. "In 2018, we will continue our focus on execution, architecture and cash," the corporate stated in a commentary. For the yr, RH stated it expects sales between $2.53 billion and $2.57 billion, and changed per-share income between $5.45 and $6.20. Shares of RH ended the Tuesday consultation down 4.1%.