Home product retailer, Williams-Sonoma, Inc.(
) reported increased Q3 earnings, beating analysts estimates
The San Francisco based company reported earnings of $48.9
million, or 49 cents per share, up 11% from last years earnings of
$43.4 million, or 41 cents per share. Analysts expected EPS of 45
Revenue came in at $945 million, a 8.9% increase from $867 last
year. Wall street analysts expected revenue of $921.8 million.
The company reported that revenue from its its West Elm business
increased by 13%, Pottery Barn sales grew by 11%, and Pottery Barn
Kids increased by 10%.
WSM reported that their third quarter increase was mainly due to
an increase in sales. However, looking ahead, the company's Q4
estimates miss analysts expectations. The company expects to see
EPS in the range of $1.21 to $1.28, with revenue in the range of
$1.36 billion to $1.4 billion during the next quarter. Analysts are
expecting earnings of $1.33 per share, and $1.4 billion in revenue
in the fourth quarter.
Williams-Sonoma shares were down 41 cents, or -0.91% during
premarket trading Thursday. The stock is up 17.17% YTD.
The Bottom Line
Shares of Williams-Sonoma (
) have a 1.95% dividend yield, based on last night's closing stock
price of $45.11. The stock has technical support in the $41-$44
price area. The stock is trading near its all-time highs of $48 a
)is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.4 out of 5 stars.
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