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• WSM 0% Rate It

Home goods retailer Williams-Sonoma, Inc. ( WSM ) late Tuesday posted better-than-expected second quarter earnings and lifted its full-year outlook, sending its shares surging higher in aftermarket trading.

The San Francisco-based company reported second quarter net income of $43.4 million, or 43 cents per share, compared with $39.3 million, or 37 cents per share, in the year-ago period.

Revenue rose 7.3% from last year to $874.3 million.

On average, Wall Street analysts expected a smaller profit of 41 cents per share, on lower revenue of $864.35 million.

Looking ahead, WSM boosted its full-year earnings outlook to a range of $2.44 to $2.51 per share, while analysts are looking for $2.50 per share for the year.

Williams-Sonoma shares jumped $3.50, or +9.2%, in after hours trading Tuesday.

The Bottom Line
Shares of Williams-Sonoma ( WSM ) have a 2.30% dividend yield, based on today's closing stock price of $38.23. The stock has technical support in the $32-$34 price area. The stock is trading near its all-time high price levels of $43-$44 a share.

Williams-Sonoma, Inc. ( WSM ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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