Williams-Sonoma Q2 Profit Meets Estimate; Issues Q3 Outlook - Quick Facts

(RTTNews) - Williams-Sonoma Inc. (WSM) Wednesday reported second-quarter net income of $50.7 million or $0.53 per share, compared to $48.9 million or $0.49 per share in the year-ago period.

On average, 27 analysts polled by Thomson Reuters expected the company to earn $0.53 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased 5.8% to $1.04 billion from $982.21 million in the comparable quarter last year, while 23 analysts expected revenues of $1.05 billion.

Looking ahead to the third quarter, the company has forecast earnings in the range of $0.58 to $0.63 per share and revenues in the order of $1.10 billion to $1.13 billion. Analysts currently expect the company to earn $0.66 per share on third-quarter revenues of $1.13 billion.

For the fiscal year 2014, the company continues to expect earnings in the range of $3.07 to $3.17 per share, with revenues in the order of $4.65 billion to $4.73 billion. Analysts now expect the company to report full-year earnings of $3.20 per share on revenues of $4.72 billion.