RH Shares Fall as All Stores Close Indefinitely
Shares of RH (NYSE: RH) were down on Tuesday, after the upscale home-furnishings retailer said that it will keep its stores closed indefinitely amid the ongoing coronavirus pandemic.
As of 11:30 a.m. EDT today, RH's shares were down about 11.3% from Monday's closing price.
RH reported earnings after the market closed on Monday, and they weren't bad: For the full fiscal year, earnings per share grew 77% to $9.07, on a 6% increase in revenue.
Source Fool.com
