Williams-Sonoma Inc. (WSM) reported fourth quarter EPS of $1.34 after the bell Tuesday, up from $1.17 in the prior year period. The consensus estimate was for EPS of $1.29. Full year 2013 EPS is expected to be between $2.65 and $2.75, compared to the consensus estimate of $2.54.
The company also announced that its Board of Directors has authorized a quarterly cash dividend of $0.31 per share, up 41 percent from the previous dividend. The board also authorized a new $750 million stock repurchase program over the next three years.
Williams-Sonoma gapped open higher Wednesday and is now up 2.79 at $48.00. The stock is now challenging the highs of the year, trading at over a 4-month high.
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