Williams-Sonoma Shares Soar After E-Commerce Sales Boost Profit
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Williams-Sonoma Inc.’s stock jumped 13 percent, its biggest one-day gain in almost two years, after a surge in e-commerce sales helped the gourmet-cookware retailer top fourth-quarter profit estimates.
Net income climbed 28 percent to $113.4 million, or $1.05 a share, from $88.4 million, or 81 cents, a year earlier, the San Francisco-based company said today in a statement. Analysts in a Bloomberg survey had projected profit of 98 cents a share in the period, which ended Jan. 30.