Shares of Williams Sonoma Inc. fell 9% after the retailer missed per-share earnings by a penny and announced a deal to buy a 3D imaging and augmented-reality company. Williams Sonoma said it earned $71.3 million, or 84 cents a share, in the quarter, compared with $69.3 million, or 78 cents a share, in the year-ago period. The EPS included the impact of about 2 cents a share in lost sales after hurricanes Harvey and Maria. Revenue rose 4.3% to $1.30 billion, compared with $1.25 billion a year ago. Sales reflect an estimated $7 million impact of lost sales after the hurricanes, the company said. Analysts polled by FactSet had expected earnings of 83 cents a share on sales of $1.29 billion. In a separate statement, the San Francisco-based company said it had agreed to buy Outward Inc., a 3D imaging and augmented-reality platform for home furnishings and decor based in San Jose, Calif. Terms of the deal were not disclosed.
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