Williams-Sonoma (WSM) Tops Q3 EPS by 32c
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Williams-Sonoma (WSM) shares rise on strong profitability despite Q3 sales miss
November 16, 2023 10:33 AM ESTWilliams-Sonoma (NYSE: WSM) shares are up more than 4% in early Thursday trading on the back of its latest quarterly earnings, which topped profit expectations.
The retailer reported third-quarter earnings of $3.66 per share, $0.32 better than the analyst estimate of $3.34. However, revenue in the quarter was below expectations, coming in at $1.85 billion versus the consensus estimate of $1.94 billion.
The company said its gross margin... More
