Williams-Sonoma Inc. shares declined in the extended session Wednesday after the operator of Pottery Barn and William-Sonoma stores issued a weak outlook for the third quarter. Williams-Sonoma shares fell 4.2% to $79.63. The company said it expects earnings of 68 cents to 73 cents a share on revenue of $1.19 billion to $1.22 billion in the third quarter. Analysts surveyed by FactSet expect 75 cents a share on revenue of $1.22 billion. For the second quarter, Williams-Sonoma reported second-quarter earnings of 58 cents a share on revenue of $1.13 billion. Analysts had expected 58 cents a share on revenue of $1.11 billion.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News