Why Shares of At Home Group Are Climbing Today
Shares of At Home Group (NYSE: HOME) climbed 10% on Tuesday after the home furnishings retailer provided improved guidance for fiscal fourth-quarter results. The stock slumped in December after lowering full-year guidance, but the last three months of the fiscal year apparently went better than management had feared.
On Tuesday morning, At Home said it expects to report fourth-quarter adjusted earnings of $0.37 per share on revenue of $397.7 million when it reports on March 24, beating the consensus estimate for $0.35 per share in earnings on revenue of $391 million. Comparable store sales are now expected to come in down about 3.1%, compared to a previous forecast of down 6% to down 4%.
Image source: Getty Images.
Source Fool.com
