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Benzinga
Benzinga
Business
Henry Khederian

Here's Why Williams-Sonoma Shares Are Moving

Williams-Sonoma NYSE

Williams-Sonoma, Inc. (NYSE:WSM) shares are trading higher by 8.1% at $164.80 after the company reported better-than-expected fourth-quarter EPS results and announced a $1.5 billion stock buyback. The company also raised its quarterly dividend.

Williams-Sonoma reported quarterly earnings of $5.42 per share which beat the analyst consensus estimate of $4.82. Williams-Sonoma also reported quarterly sales of $2.50 billion which missed the analyst consensus estimate of $2.58 billion by 3%. This is a 9% increase over sales of $2.29 billion in the same period last year.

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