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Williams-Sonoma Inc. (WSM) Is Sinking After Q3 Sales Disappoint

Williams-Sonoma Inc. (WSM) reported third quarter adjusted EPS of $0.95 after the close Thursday, which topped the consensus estimate of $0.94. Revenues rose to $1.36 billion from $1.30 billion last year. Analysts expected revenues of $1.37 billion.

Williams-Sonoma gapped open sharply lower Friday morning and is now down 7.97 at $52.58 on above average volume. The stock has dropped to over a 5 1/2 month low.

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