NEW YORK (TheStreet) -- Williams-Sonoma (WSM) shares are up 6.6% to $74 in after-hours trading on Wednesday following the release of the specialty retailer's third quarter financial results after the closing bell today.
The company reported a 17.2% increase in earnings per share to 68 cents per diluted share on an 8.7% increase in revenue to $1.14 billion. Analysts were expecting the company to report earnings of 63 cents per share on revenue of $1.1 billion.
The Pottery Barn store operator also provided fourth quarter financial guidance with an EPS range between $1.42 per share and $1.50 per share on revenue between $1.525 billion and $1.575 billion.
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, growth in earnings per share, solid stock price performance, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow."
Highlights from the analysis by TheStreet Ratings Team goes as follows:
- You can view the full analysis from the report here: WSM Ratings Report