RH raises profit guidance for the year
RH late Wednesday raised its profit outlook for fiscal 2019 by 25 cents and said it expects another boost to next year's bottom line. The company formerly known as Restoration Hardware said it expects adjusted per-share earnings between $10.78 and $11.01 for fiscal 2019. For fiscal 2020, the company said it expects a benefit of about 75 cents a share to its adjusted EPS. Analysts polled by FactSet expect adjusted EPS of $10.72 for the year, and of $12 for the next year. Shares rose less than 0.1% in the extended session Wednesday after ending the regular trading day down 0.7%.
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