RH (NYSE: RH) stock is down more than 4% after delivering its second-quarter earnings report. However, immediately after the report, the stock was down 13%, which suggests that investors may believe the post-report sell-off was overdone. The luxury retailer in high-end home furnishings, decor, textiles, lighting and outdoor living products was in the spotlight for several reasons.
First, the company’s report is seen as a broad overview of the state of the luxury consumer. The results were mixed. Revenue of $899.20 million was up 10% from the first quarter and 8.4% year-over-year (YOY). However, it missed expectations for $905.36 million.
