Williams-Sonoma Q2 Profit Rises

(RTTNews) - Williams-Sonoma Inc. (WSM) Wednesday reported second-quarter net earnings of $48.9 million or $0.49 per share, up from $43.4 million or $0.43 per share last year.

On average, 27 analysts polled by Thomson Reuters expected the company to earn $0.47 per share for the quarter. Analysts' estimates typically exclude special items.

Net revenues grew 12.3 percent to $982.2 million from $874.3 million a year ago. Analysts estimated revenues of $939.99 million for the quarter.

Looking forward to the third quarter, the company expects earnings of $0.51 to $0.54 per share and revenues of $1.02 billion to $1.04 billion. Analyst currently estimate earnings of $0.55 per share on revenues of $1.01 billion for the quarter.

For the full year, the company expects adjusted earnings of $2.69 to $2.79 per share and revenues of $4.26 billion to $4.34 billion. Analyst currently estimate earnings of $2.81 per share on revenues of $4.28 billion for the year.

Previously, Williams-Sonoma expected earnings of $2.67 to $2.77 per share and revenues of $4.22 billion to $4.30 billion.