Dallas, TX 8/26/2009 10:31:31 PM
News / Business

Williams-Sonoma, Inc. (NYSE:WSM) - Today’s First Hour Top Mover

Williams-Sonoma, Inc. (NYSE:WSM) - Today’s First Hour Top Mover

Dallas, TX - PennyStockPickReport.com is pleased to alert investors of stocks on the move.



Williams-Sonoma, Inc. updated its third quarter of 2009 outlook and expects revenues of $660-$700 million, comparable store sales of (8)%-(13)%, GAAP earnings per share (EPS) of $(0.03)-$0.01 and non-GAAP EPS of $0.01-$0.05. It reiterated fourth quarter of 2009 outlook and expects revenues of $900-$960 million, comparable store sales of (6)%-(11)%, GAAP EPS of $0.27-$0.36 and non-GAAP EPS of $0.27-$0.36. It also updated fiscal 2009 outlook and expects revenues of $2.844-$2.944 billion, comparable store sales of (12)%-(15)%, GAAP EPS of $0.06-$0.18 and non-GAAP EPS $0.19-$0.31. According to Reuters Estimates, analysts were expecting the Company to report revenues of $667 million and non-GAAP EPS of $(0.06) for third quarter of 2009; revenues of $934 million and non-GAAP EPS of $0.34 for fourth quarter of 2009 and revenues of $2.874 billion and non-GAAP EPS of $0.05 for fiscal 2009.

The stock is currently trading at $17.61 moved up about 13.50% on over 4.35 million shares.

About Williams-Sonoma, Inc.

Williams-Sonoma, Inc. is a specialty retailer of products for the home. The retail segment of the Company’s business sells its products through five retail store concepts: Williams-Sonoma, Pottery Barn, Pottery Barn Kids, West Elm and Williams-Sonoma Home. The direct-to-customer segment of the Company’s business sells similar products through its seven direct-mail catalogs and through six e-commerce Websites.

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