Why Williams-Sonoma (WSM) Stock Is Up After the Bell

NEW YORK (TheStreet) -- Williams-Sonoma (WSM) stock is up in post-market trading after the homewares retailer reported better-than-expected revenue and earnings in its first quarter.

After the bell, shares spiked 4.9% to $66.85. 

Over the three months to April, the company earned 48 cents a share, 4 cents higher than analysts surveyed by Thomson Reuters expected. Revenue of $974.33 million was 9.7% higher than a year earlier and beat estimates of $942 million. 

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TheStreet Ratings team rates WILLIAMS-SONOMA INC as a Buy with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation:

"We rate WILLIAMS-SONOMA INC (WSM) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, good cash flow from operations, growth in earnings per share and increase in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook."

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