Restoration Hardware on Wednesday announced a forecast for third-quarter and full year adjusted earnings that flew past its previous expectations, sending its shares sharply higher in extended trading.
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Restoration Hardware explodes more than 30% after crushing earnings and raising guidance (RH)
Shares were already up more than 100% this year.
The high-end furniture retailer said it saw third-quarter earnings in a range of $0.68 to $0.80, beating the forecast for $0.38 according to Bloomberg.
For the full-year, RH said it sees earnings of $2.43 to $2.67, handily beating its previous estimate of $1.67 to $1.94.
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The company announced second-quarter adjusted earnings of $0.65 on revenue of $615.3 million, which were ahead of the $0.47 and $606.9 million that was expected by the Bloomberg consensus.
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