SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Williams-Sonoma Inc. (WSM) on Wednesday reported fiscal fourth-quarter earnings of $368 million.
The San Francisco-based company said it had profit of $3.04 per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.89 per share.
The seller of cookware and home furnishings posted revenue of $2.36 billion in the period, which did not meet Street forecasts. Six analysts surveyed by Zacks expected $2.4 billion.
For the year, the company reported profit of $1.09 billion, or $8.84 per share. Revenue was reported as $7.81 billion.
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