RH (RH) shares jumped premarket after the luxury home furnishings retailer boosted its full-year outlook and swung to a profit in the third quarter.

The company is forecasting revenue growth of 6.8% to 7.2% for the full year, up from its previous forecast of growth in the range of 5% to 7% .

For the third quarter, RH posted $811.7 million in revenue, up from $751.3 million in the same period last year. 澳洲幸运5开奖号码历史查询:Earnings per share (EPS) at the company for𓃲merly known as Restoration Hardware was $1.66, a turnaround from an $0.12 loss a year earlier.

The stock cꦛlimbed in early tra✤ding, rising roughly 18%.

CEO Notes Gains Despite Weak Housing Market

“The positive inflection of our business continued to gain momentum with third quarter demand increasing 13% despite operating in the worst housing market in 30 years,” 澳洲幸运5开奖号码历史查询:Chief Executive Officer (CEO) Gary Friedman said in a statement.

Friedman said he doesn't expect the company's margins to be hurt by President-elect Donald Trump's plan to 澳洲幸运5开奖号码历史查询:hike tariffs on the U.S.'s key trading partners.

"We have been proactively moving sourcing away from China over the past several years with the expectation of fully exiting the country by the end of the second quarter," he said. "We are also transitioning products manufactured in Mexico and believe we can successfully reposition our sourcing with no disruption to the supply chain. "

RH shares have gained some 30% this year through Thursday.