Williams-Sonoma Stock Falls 10% Despite Strong Q4 Results

(RTTNews) - Shares of Williams-Sonoma, Inc. (WSM) are falling around 10 percent during Wednesday's trading despite reporting improved financial results in the fourth quarter. The company reported quarterly profit of $410.718 million, or $3.28 per share compared to $354.439 million, or $2.72 per share, last year.

Currently, the stock is trading at $154.14, down 10.53 percent or $18.14, over the previous close of $172.80 on the New York Stock Exchange. It has traded in the range of $125.33 to $219.98 in the past 52 weeks.

The company's revenue for the period rose 8.1% to $2.462 billion from $2.278 billion last year.