Williams-Sonoma (WSM) Reports Higher-Than-Expected First-Quarter Profit

Williams-Sonoma, Inc. WSM has reported higher-than-expected first-quarter profit. The company reported a profit of $19.5 million, or $0.18 per share in its first-quarter, compared with a loss of $18.7 million, or $0.18 per share reported for the same period last year. In March, the company had forecast first-quarter profit of $0.08-$0.11 per share. Revenue increased 17% to $717.6 million in the quarter. Same-store sales were also up 17%. Shares of Williams-Sonoma, Inc. were up 2.85% to $29.25 in pre-market trading in New York today.