CORTE MADERA, Calif. (AP) 鈥� CORTE MADERA, Calif. (AP) 鈥� RH (RH) on Tuesday reported fiscal fourth-quarter net income of $28.8 million.
The Corte Madera, California-based company said it had net income of $1.46 per share. Earnings, adjusted for non-recurring costs, came to $1.53 per share.
The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.21 per share.
The furniture and housewares company posted revenue of $842.6 million in the period, also falling short of Street forecasts. Six analysts surveyed by Zacks expected $872.4 million.
For the year, the company reported profit of $124.8 million, or $6.31 per share. Revenue was reported as $3.44 billion.
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