Home furnishing retailer RH faces double earnings and revenue miss in Q4 2023, stock surges 10.4% in pre-market

RH, a home furnishing retailer, experienced a challenging quarter with a double miss on earnings and revenue for Q4 2023. Despite the negative results, the CEO remains optimistic about demand trends in fiscal 2024. The stock initially dropped 7% after hours but later surged by 7.4% after the earnings report. Investors reacted positively to the news, with the stock rising by 10.4% in pre-market trading.