NEW YORK (TheStreet) -- Shares of Williams-Sonoma (WSM) - Get Report are popping by 3.67% to $54 in after-hours trading on Wednesday, after the San Francisco-based company reported better-than-expected results for the 2016 first quarter.
After today's closing bell, the kitchen and home furnishings retailer posted earnings of 53 cents per diluted share, topping analysts' expectations of 50 cents per share.
Revenue climbed by 6.5% to $1.1 billion from last year and surpassed analysts' expectations of $1.08 billion.
"In the first quarter we saw accelerated growth in West Elm and Williams-Sonoma, as well as improvement across the Pottery Barn brands," CEO Laura Alber said in a statement.
"We also saw positive results from our inventory and supply chain initiatives. We believe our strong brands and profitable multi-channel strategy create a sustainable competitive advantage," she added.
About 4.89 million of the company's shares changed hands today, well above its average volume of 1.83 million shares per day.
Separately, TheStreet Ratings Team has a "Hold" rating with a score of C+ on the stock.
The primary factors that have impacted the rating are mixed. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and good cash flow from operations.
However, as a counter to these strengths, the team also finds weaknesses including unimpressive growth in net income and a generally disappointing performance in the stock itself.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: WSM