Shares of Restoration Hardware Holdings plummeted after-hours Wednesday after the company announced preliminary earnings results well below analyst estimates.
The luxury furniture retailer reported that it saw fourth quarter adjusted earnings of 99 cents per share on $647 million in revenue. Analysts expect Restoration Hardware to report earnings of about $1.39 on $711 million in revenue, according to a consensus estimate from Thomson Reuters.
Shares of Restoration Hardware fell as much as 23 percent in after-hours trading. The report apparently dragged Williams-Sonoma stock down as much as 8 percent after-hours in sympathy.