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Williams-Sonoma Earnings: WSM Stock Up on Positive Q4 EPS, Outlook

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Williams-Sonoma (NYSE: WSM ) posted its quarterly earnings results late in the afternoon today, accruing a strong profit that helped to lift WSM stock after the bell-an encouraging guidance for the new fiscal year also played a role in shares gaining.

The San Francisco-based kitchenware and home furnishings business tallied up a fourth-quarter income of $2.10 per share, ahead of the $1.96 per share that the Wall Street guidance predicted. Revenue was also ahead of the mark at $1.84 billion as analysts saw the company raking in sales of $1.8 billion.

Both figures were also above Williams-Sonoma's fourth-quarter guidance - which it shared during its third-quarter report in November - that predicted earnings of $1.88 to $1.99 per share. The company also saw revenue as reaching somewhere between $1.73 billion and $1.83 billion.

Consensus Metrix predicted that the business' sales would be higher by 1.1% when compared to the year-ago quarter, and the company shattered this projection as its comps gained 2.4%. This metric was up 0.1% at Williams-Sonoma brand stores, down 0.4% at Pottery Barn, as well as up 11.1% at West Elm.

Analysts saw Williams-Sonoma stores as bringing in a comps gain of 1.1%, up 0.8% at Pottery Barn and gaining 6.9% at West Elm.

For its fiscal 2019, the business is calling for earnings of $4.60 per share at its midpoint guidance, ahead of the $4.47 per share that Wall Street predicts. The company sees its salted at around $5.67 billion to $5.84 billion, compared to analysts' $5.74 billion.

WSM stock is up 2.6% after hours Wednesday following the strong quarterly results. Shares had been up 0.2% during regular trading hours in anticipation of the company's results.

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The post Williams-Sonoma Earnings: WSM Stock Up on Positive Q4 EPS, Outlook appeared first on InvestorPlace .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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