rh shares rh slipped in the extended session thursday after the retailer formerly known as restoration hardware beat wall street expectations for the quarter but offered a mixed outlook rh declined 3 after hours following a 2 rise in the regular session to close at 25463 shares are down 47 year to date versus a 81 gain by the sp 500 index spx  the company reported firstquarter net income of 419 million or 212 a share compared with 2007 million or 722 a share in the yearago period adjusted earnings were 221 a share compared with 663 a share in the yearago period revenue declined to 7391 million from 9573 million in the yearago quarter analysts surveyed by factset had forecast earnings of 212 a share on revenue of 7321 million for the year rh said it was raising its revenue outlook to 3 billion to 31 billion but said it was lowering its adjusted operating margin to a range of 145 to 155 analysts had forecast revenue of 306 billion