Williams-Sonoma Gains on Full-Year Forecast: San Francisco Mover
Williams-Sonoma Inc. (WSM), the owner of the namesake, Pottery Barn and West Elm home-goods chains, rose as much as 10 percent in extended trading after increasing its full-year earnings forecast.
The shares jumped to $42.05 at 4:58 p.m. in New York, after the San Francisco-based company rose 2.4 percent to $38.23 at the close.
Full-year adjusted earnings per share will be $2.44 to $2.51, up from a previous projection of $2.42 to $2.49, Williams-Sonoma said in a statement today. Analysts projected $2.50, the average of 26 estimates compiled by Bloomberg.
Williams-Sonoma will open its first four company-owned stores outside North America next year in Sydney, Australia, Chief Executive Officer Laura Alber also said today in the statement.
To contact the reporter on this story: Duane D. Stanford in Atlanta at email@example.com
To contact the editor responsible for this story: Robin Ajello at firstname.lastname@example.org