LUXURY FURNITURE RETAILER RH (RH.US) ROSE 15% ON FRIDAY TO HIT A 52-WEEK HIGH. The company's third-quarter profit fell short of expectations, but the company raised its full-year revenue forecast to grow 18% to 20% year-on-year for the fourth quarter.
RH announced adjusted earnings per share of $2.48 per share for the previous quarter, an improvement from a loss of 42 cents last year, but below market expectations. Revenue grew 8% to $0.81 billion, slightly below expectations.