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Williams-Sonoma Q2 Profit Beats View; Revenue Misses; Forecast Lifted (WSM)

Home goods retailer Williams-Sonoma, Inc. ( WSM ) on Tuesday posted better-than-expected second quarter profits and lifted its full-year earnings forecast.

The San Francisco-based company reported second quarter net income of $39.31 million, or 37 cents per share, compared with $30.76 million, or 28 cents per share, in the year-ago period.

Net revenue rose 5% from last year to $814.75.

On average, Wall Street analysts expected a slightly smaller profit of 36 cents per share, albeit on higher revenue of $823.97 million.

Looking ahead, the company said it now expects adjusted full-year profit to range from $2.17 to $2.22 per share, on $3.67 billion to $3.72 billion in revenue. Analysts are currently looking for $2.22 per share on revenues of $3.72 billion.

Williams-Sonoma shares posted modest gains in premarket trading Tuesday.

The Bottom Line

Shares of Williams-Sonoma ( WSM ) have a 2.26% dividend yield, based on last night's closing stock price of $30.03. The stock has technical support in the $25-$28 price area. If the shares can firm up, we see overhead resistance around the $35 price level.

Williams-Sonoma, Inc. ( WSM ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 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 .

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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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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