Restoration Hardware Holdings Inc. (NYSE:RH) stock dropped -20.40% in today’s pre market session with the price of $28.70. Over the last one month and over the past three months, Restoration Hardware Holdings, Inc’s shares lost -3.56% and -5.18%, respectively. Furthermore, the stock has plummeted -54.60% since the start of this year. The company’s shares are trading -7.46% above their 50-day moving average. Additionally, Restoration Hardware Holdings, Inc. has an RSI of 53.81 and beta of 1.40.
RH June 9, 2016 announced financial results for the first quarter ended April 30, 2016.
The Company will post a video presentation between approximately 1:15 p.m. – 1:30 p.m. PT (4:15 p.m. – 4:30 p.m. ET) today highlighting its continued evolution and recent performance on the RH Investor Relations website at ir.restorationhardware.com.
First Quarter Highlights
Net revenues increased 8% on top of a 15% increase last year
Comparable brand revenues increased 4% on top of a 15% increase last year
GAAP net loss of $13.5 million compared to net income of $7.2 million for the same period last year
Adjusted net loss of $2.1 million compared to adjusted net income of $9.8 million last year
GAAP diluted loss per share of $0.33 compared to diluted earnings per share of $0.17 for the same period last year
Adjusted diluted loss per share of $0.05 compared to adjusted diluted earnings per share of $0.23 last year
First Quarter Fiscal 2016 Results
Revenue – Net revenues for the first quarter of fiscal 2016 increased 8% to $455.5 million from $422.4 million in the first quarter of fiscal 2015.
Comparable brand revenue growth, which includes direct, was 4% in the first quarter of fiscal 2016 on top of 15% for the same period last year.
Stores revenues increased 19% to $256.1 million in the first quarter of fiscal 2016. This growth is on top of a 13% increase in stores revenues in the first quarter of fiscal 2015.
Direct revenues decreased 4% to $199.4 million in the first quarter of fiscal 2016. Direct revenues during the first quarter of fiscal 2016 represented 44% of total net revenues.
Helios and Matheson Analytics Inc(NASDAQ:HMNY) stock on Friday’s pre market session gained 4.50% at price of $9.52. Over the last one month and the previous three months, Helios and Matheson Analytics Inc’s shares gained 941.67% and 933.76%, respectively. Additionally, the stock has surged 889.21% since the beginning of 2016. The company’s shares are trading above their 50-day and 200-day moving averages by 742.81% and 638.43%, respectively.
Helios and Matheson Analytics Inc. (HMNY), a provider of integrated Big Data technology, advanced analytics and data visualization solutions to Fortune 500 companies, and Zone Technologies, Inc., creator of RedZone Maps, a GPS-driven, real-time crime and navigation map application, announced June 6, 2016 that they plan to merge. With the new partnership, Helios and Matheson plans to leverage its artificial intelligence capabilities and deep learning and analytics expertise to enable RedZone Maps to further expand its crime mapping capabilities globally. The pending merger is subject to approval by the NASDAQ Stock Market, among other customary closing conditions.
Having achieved fourth place in the App Store’s navigation category behind Google and Waze in its first week out of beta, RedZone Maps’ GPS-driven, real-time crime and navigation map application empowers consumers to identify “red zones” – concentrations of highly reported crime in an area – and helps navigators obtain optimal cautionary alerts that can be shared with others. In addition to expanding RedZone Maps’ mapping capabilities, RedZone Maps expects Helios and Matheson’s expertise to enable it to monitor chatter on all social media platforms internationally and instantaneously retrieve real-time crime data from around the world.
In discussing the pending merger, Ted Farnsworth, Founder and CEO of RedZone Maps, said, “Upon discovering Helios and Matheson’s cutting edge capabilities in Big Data analytics and artificial intelligence, we saw the synergy immediately. I believe the combined company will be able to offer the most sophisticated and advanced technology in global crime mapping. Our mission is to enhance personal safety worldwide.”
Pat Krishnan, Helios and Matheson’s CEO agrees. “With my many years of computer sciences and engineering management experience in Silicon Valley, I recognized our synergy immediately. Helios and Matheson has worked tirelessly to empower its clients and customers to unlock the value of data to make better decisions. We plan to expand that mission through our pending merger with RedZone Maps.”