Williams-Sonoma Q1 Profit Rises; Lifts FY14 Outlook - Quick Facts

(RTTNews) - Williams-Sonoma Inc. (WSM) Wednesday reported first-quarter net income of $46.2 million or $0.48 per share, compared to $39.5 million or $0.40 per share in the same period last year.

On average, 25 analysts polled by Thomson Reuters expected the company to earn $0.44 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased 9.7% to $974.33 million from $887.81 million last year, while 21 analysts expected revenues of $941.99 million.

Looking ahead to the second quarter, the company has forecast earnings in the range of $0.49 to $0.52 per share and revenues in the order of $1.02 billion to $1.04 billion. Analysts currently expect the company to earn $0.55 per share on second-quarter revenues of $1.05 billion.

For the fiscal year 2014, the company now expects earnings in the order of $3.07 to $3.17 per share, with revenues ranging between $4.65 billion to $4.73 billion. Analysts now expect the company to report full-year earnings of $3.17 per share on revenues of $4.69 billion.

Earlier, the company expected fiscal year 2014 earnings in the range of $3.05 to $3.15 per share, with revenues ranging between $4.63 billion to $4.71 billion.