RH Beats Wall Street In Q3

Despite the coronavirus-impacted marketplace, Restoration Hardware had a strong third quarter.

The company posted net income of $46.4 million, or $1.64 per diluted share, versus net income of $52.5 million, or $2.17 per diluted share, in the year-earlier period.

Net income adjusted for one-time events was $166.5 million, or $6.20 per diluted share, versus $65.4 million, or $2.79 per diluted share, in the quarter a year prior.

RH topped a MarketBeat published analyst consensus earnings per diluted share estimate of $5.42.

Net revenues were $884 million versus $677.5 million in the year-before quarter. Income from operations was $111.2 million versus $89.2 million, and adjusted operating income was $225.3 million versus $87.8 million in the period a year previous.