Why Williams-Sonoma (WSM) Stock Is Spiking Today

NEW YORK (TheStreet) -- Williams-Sonoma (WSM) stock is gaining Thursday after the company reported better-than-expected revenue and earnings over the three months to April. By midmorning, shares had added 7.6% to $68.60.

In its first quarter, 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. 

By brand, comparable-store sales grew 9.7% at Pottery Barn, 6% at Williams-Sonoma, 8.1% at Pottery Barn Kids, 18.8% at West Elm, and 12% at PBteen. 

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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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