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Restoration Hardware stock soars after big Q3 earnings beat

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Restoration Hardware beat third quarter estimates, sending the stock higher in after-hours trading.

Video Transcript

EMILY MCCORMICK: Welcome back. We're heading back over to Yahoo Finance's Ines Ferre with earnings results from RH. And Ines, the stock is sharply higher in late trading. What are the details?

INES FERRE: Yeah, that's right. It's a beat on the top and the bottom line, Emily, with adjusted earnings per share coming in at $7.03. The Street was expecting $6.60. Meanwhile, revenue coming in at $1.01 billion. The Street was expecting revenue of $982 million. Also, the company raising its fiscal 2021 outlook, with the company highlighting revenue increased 19% year over year and up 49% versus 2019, representing the strongest two-year growth in their industry. Taking a look at shares in afterhours, they're popping 12% higher.

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