RH Jumps After Maintaining Its Outlook, Alleviating Concerns
By and Micah Barkley
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Luxury furniture company RH surged in late trading after keeping its outlook for the full year unchanged, alleviating investors' concerns that US tariffs and a weak housing market would hurt the company's performance.
The company, which operates the chain formerly known as Restoration Hardware, still sees revenue increasing by 10% to 13% in the current fiscal year, it said in its statement for the first quarter.
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