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From Home Furnishing Business

Williams-Sonoma Shares Drop on Weak Forecast

Shares of Williams-Sonoma Inc., the owner of its namesake, Pottery Barn and West Elm home-goods chains, fell the most in seven months after the company forecast annual profit that trailed analysts' estimates.

The shares slid 4.2 percent to $56.97 at Wednesday's close in New York, for the biggest decline since Jan. 17. Williams-Sonoma, based in San Francisco, has gained 30 percent this year, compared with a 15 percent increase for the Standard & Poor's 500 Index.
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Source: Moneynews

 



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