Beats Estimates on Sales and Earnings Forecast; Shares Rise
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(Bloomberg) -- Inc. reported second-quarter revenue that beat expectations and an upbeat profit outlook, evidence that a new focus on luxury items and collectibles is helping offset slowing sales and customer traffic.Most Read from BloombergFBI Search Focused on Material Trump Brought From White HouseChina Seizes on Pelosi Visit to Set ‘New Normal’ for TaiwanSan Francisco ‘Froth is Gone’ as Wealth Fades, Housing SlumpsThe shares rose about 5% in extended trading.Sales will be $2.29 billion
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