BUZZ-Rent the Runway rises on annual revenue forecast growth** Shares of clothing rental service Rent the Runway RENT.O up about 15% at $6.44 premarket
** Expects annual revenue forecast growth between $323.1 million and $325.1 million compared to $306.2 million in FY2024
** Co's Q3 revenue rise 15.4% to $87.6 million
** Posts Q3 net income of $76.5 million vs a loss of $18.9 million last year
** "This year we've repositioned ourselves for sustained growth in the category," says CEO Jennifer Hyman
** As of last close, stock up ~34% YTD
(Reporting by Koyena Das from Bengaluru)
((Koyena.das@thomsonreuters.com))
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