<p>Williams-Sonoma (NYSE: WSM) results for fiscal fourth quarter 2019 have WSM stocks after the markets closed on Wednesday. This comes after adjusting earnings per share (EPS) of $ 2.13. That’s above the Wall Street estimate of $ 2.05 for the quarter. Home furnishing retailers ‘revenue of $ 1840 million also beats analysts’ estimates of $ 1820 million.
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Now for a more in-depth look at the latest Williams-Sonoma results report.
Adjusted per share earnings are up 1.43% compared to $ 2.10 over the same period last year. Revenue for the quarter was approximately the same as in the fourth quarter of 2018. Operating profit of $ 203.69 million is an increase of 1.41% compared to the previous year from $ 200.85 million. The Williams-Sonoma earnings report also has a net profit of $ 166.05 million. This is 6.9% better than the company’s net profit of $ 155.34 million reported for the same period last year.
Laura Alber, CEO of Williams-Sonoma, said this in WSM share earnings:
“2019 was an outstanding year for our company. We delivered a strong holiday season that surpassed the industry with a comparable brand revenue of 7.6% during the fourth quarter. West Elm performed better than 13.9%, the Pottery Barn brands continued with an overall composition of 7.1% and the Williams Sonoma brand returned to growth with 3.3%. ”
Williams-Sonoma’s earnings report contains no prospects for the 2020 financial year. According to the company, it is interrupting its guidance due to the effects of coronavirus from China.
WSM stocks were up 4.04% after office hours on Wednesday but were down 12.52% at the end of the day.
At the time of writing, William White had no position in any of the above securities.
Article printed from InvestorPlace Media, https://investorplace.com/2020/03/williams-sonoma-earnings-bump-wsm-stock/.
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