Luxury furniture company RH (NYSE: RH) announced earnings on Thursday afternoon. Its financial results continue to highlight a challenging environment for the company. Sales fell about 19% year over year, and the company's operating margin narrowed, leading to a big year-over-year drop in net income.

Of course, challenges were expected. The company's revenue actually beat management's guidance for fiscal second-quarter revenue to be between $765 million and $775 million. 

But management continues to rein in investor expectations, warning in its fiscal Q2 update that the company continues

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Source Fool.com