BUSINESS BRIEFING / EARNINGS
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TIMES WIRE REPORTS
Shares of Williams-Sonoma Inc. rose to the highest level in 11 months after the gourmet-cookware retailer reported second-quarter earnings and sales that beat analysts’ estimates and raised its full-year forecast.
Williams-Sonoma advanced $1.74, or 11%, to $17.21, the highest closing price since Sept. 25.
Net income fell to $399,000, or break-even on a per-share basis, from $18.4 million, or 17 cents, a year earlier, the San Francisco retailer said. Revenue fell 18% to $672.1 million.
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