Williams-Sonoma Ups Outlook

Stock quotes in this article: WSM  

SAN FRANCISCO (TheStreet) -- Williams-Sonoma(WSM Quote) returned to a profit in its third quarter and upped its full-year outlook.

During the quarter, the company earned $7.3 million, or 7 cents a share, compared with a loss of $11 million, or 10 cents, in the year-ago period.

Excluding one-time items, Williams-Sonoma actually earned 16 cents a share, easily topping Wall Street's consensus of 5 cents a share.

Revenue slipped 3% to $729 million from $752 million, while same-store sales increased 1.7%.

Management now expects full-year earnings in the range of 25 cents to 34 cents a share, from prior forecast of 19 cents to 31 cents a share.

Shares of the company are gaining 3.6% to $21.79 in pre-market trading.

-- Reported by Jeanine Poggi in New York

Follow TheStreet.com on Twitter and become a fan on Facebook.

  • Loading Comments...
  •  

SHARE:

  • email
  • print
  • comment
  • digg
  • delicious
  • linkedin

Recent Comments





Connect with TheStreet

Dow Jones S&P 500 NASDAQ 10-Year Note
10,058.64 1,070.52 2,150.87 36.33
Oil *
72.02
UP
150.25
UP
13.78
UP
24.82
UP
0.41
10 Yr
3.63%
SPDR Gold
105.45
+1.52%
+1.30%
+1.17%
+1.14%
Data delayed 20 minutes

More From TheStreet

Latest Headlines
  • Top Rated Stocks from TheStreet Ratings
  • Find returns with the Dividend Calendar

Brokerage Partners

TheStreet Premium Services

All Services