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Williams-Sonoma Inc. (WSM) Pulled Back After Holiday Sales Report

Williams-Sonoma Inc. (WSM) announced after the bell Wednesday that revenues for the nine-week holiday period increased 4.8 percent to $1.01 billion from last year. Comparable brand revenues increased 4.4 percent. The company also reaffirmed the company's financial guidance for the fourth quarter and fiscal year 2012.

Williams-Sonoma gapped open lower Thursday and fell in early trade, but settled into a range for the majority of the session. Shares finished down by 2.45 at $44.68 on strong volume. The stock dropped to a 2-week low and slipped beneath its 50-day moving average.

by RTTNews Staff Writer

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