RTTNews | Jun 10, 2021 10:00AM EDT

10:00 Thursday, June 10, 2021 (RTTNews.com) - Shares of specialty retailer RH (RH) are rising more than 14% Thursday morning.

The company reported net income of $130.66 million or $4.19 per share in the first quarter compared with $3.21 million or $0.17 per share in the same quarter a year ago.

Excluding items, earnings of $4.89 beat the average estimate of analysts polled by Thomson Reuters at $4.1 per share.

Revenue for the quarter increased 78% year-over-year to $860.79 million.

Looking forward, the company has raised its outlook for revenue growth in fiscal 2021 to a range of 25% to 30% versus prior outlook of 15% to 20%. The consensus estimate stands at $19.7%.

For the second quarter, RH expects revenue growth in the range of 35% to 37%.

RH, currently at $700.98, has traded in the range 226.82- $733.05 in the last one year.

Read the original article on RTTNews ( https://www.rttnews.com/3201514/stock-alert-rh-jumps-14-following-earnings-surge-improved-outlook.aspx)

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