Restoration Hardware Stock Forum

$Restoration Hardware(RH.US)$ climbed 17% Thursday after releasing earnings Wednesday evening, coming in below expectations. Stephen Guilfoyle, moomoo Contributor and TheStreet.com writer attributed the stark climb, despite low EPS, to a predicted reversal of the negative revenue growth the firm felt in the past year.
RH revenue fell 15% in 2023, and in forward looking statements the firm projected a 12-14% growth rate in '24. The firm rep...

Morning Movers
Gapping up
$Estee Lauder(EL.US)$ Shares soared over 3% following an upgrade to buy from neutral by Bank of America, which referenced the company's profitability recovery efforts, new products, and growing market share in the prestige beauty sector.
$Allstate(ALL.US)$ The insurance stock climbed 0.9% after HSBC raised its rating to buy from hold, with analyst Vikram Gandhi commending the company's "decisive management...

Check out the stocks making headlines in extended trading:
$Restoration Hardware(RH.US)$
— Shares of luxury home furnishings retailer RH
jumped 7% after the company said it expects its demand trends to accelerate throughout fiscal year 2024, even as it foresees business conditions to "remain challenging" until interest rates ease and the housing market bounces back. RH missed earnings and revenue expectations for the fourth quarter, however, and guided...