Why Williams-Sonoma Stock Jumped on Friday
Shares of upscale home-goods retailer Williams-Sonoma (NYSE: WSM) surged on Friday, after the company reported results for the quarter ended May 5 that were well above Wall Street's expectations.
Williams-Sonoma's shares ended Friday's session at $83.21, up 13.9% on the day.
Williams-Sonoma's results for its fiscal first quarter were surprisingly good given that its stores were closed for most of the period. Net income of $35.4 million was down from $52.7 million in the year-ago quarter, but it was far better than the loss that Wall Street had expected.
Source Fool.com
