Restoration Hardware Holdings Inc RH shares are trading lower by $13.25 at $38.67 in Thursday's session. The catalyst for the sharp decline is a Q4 miss of $0.40 with over a $60 million miss for revenues.
The beatdown from the after-hours and pre-market session has continued into the regular session. After a lower open, it managed a bounce to $40.63 before continuing its move lower.
It has continued to make new lows for the day, with the current one resting at $38.25. The current area coincides with its May 2013 low at $38.19.
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