Williams-Sonoma Shares Slide On Disappointing Outlook
Shares of Williams-Sonoma Inc. fell in Wednesday's extended session after the kitchenware retailer released a weak outlook for the current quarter. Williams-Sonoma reported second-quarter earnings of $51.8 million, or 58 cents a share, compared with $53.7 million, or 58 cents a share, in the same quarter last year. The year-earlier quarter's earnings per share included a 3-cent tax benefit. Revenue edged up to $1.16 billion from $1.13 billion. Analysts surveyed by FactSet had forecast earnings of 58 cents a share on revenue of $1.17 billion. The San Francisco-based company projected third-quarter earnings of 75 cents a share to 80 cents a share and revenue in a range of $1.24 billion to $1.29 billion. Analysts are projecting EPS of 81 cents and revenue of $1.29 billion. Shares fell 0.8% after hours.
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