Thursday, March 21, 2013

Williams-Sonoma Reports Q4 Results

Williams-Sonoma Inc.'s fourth-quarter net income jumped 9 percent to beat market expectations on gains at its West Elm brand and the benefit of an extra week in the period.
The San Francisco company also said that it is increasing its quarterly dividend by 41 percent and plans to repurchase shares. The news sent the home furnishing company's shares up sharply in after-hours trading Tuesday.