09:38 AM EDT, 05/09/2024 (MT Newswires) -- Arhaus ( ARHS ) shares were 7% higher in early trading Thursday after the company reported earnings and revenue that were above expectations.

The company reported Q1 net income Thursday of $0.11 per diluted share, compared with $0.25 a year earlier.

Analysts surveyed by Capital IQ expected $0.02.

Revenue for the quarter ended March 31 was $295.2 million, compared with $304.6 million a year earlier.

Analysts surveyed by Capital IQ expected $264.3 million.

The company said it expects Q2 revenue to be in the range of $310 million to $320 million. Analysts polled by Capital IQ expect $329.9 million.

The company reaffirmed its full year revenue outlook of $1.33 billion to $1.37 billion. Analysts surveyed by Capital IQ estimate $1.35 billion.

Price: 14.15, Change: +0.93, Percent Change: +7.03