Williams-Sonoma shares rise 6% on steep increase in earnings, sales

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Williams-Sonoma Inc. shares initially were up 6% in after-hours trading Thursday after the retailer of home products announced fiscal third-quarter results. Williams-Sonoma reported net income of $201.8 million, or $2.54 a share, compared with net income of $74.7 million, or 94 cents a share, in the year-ago quarter. Revenue grew 22% to $1.77 billion from $1.44 billion a year ago. Analysts surveyed by FactSet had expected earnings of $1.56 a share on revenue of $1.59 billion. Williams-Sonoma shares are up 38% this year. The broader S&P 500 index has improved 11% in 2020.
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