Williams-Sonoma 2nd-quarter results top estimates

Wed Aug 28, 2013 3:33pm EDT

Aug 28 (Reuters) - Upscale home furnishings chain Williams-Sonoma Inc reported better-than-expected quarterly results on Wednesday as the housing market's recovery encouraged Americans to spend more on their homes.

The operator of Williams-Sonoma cookware stores and Pottery Barn furnishing stores reported net earnings rose to $48.9 million, or 49 cents a share, in the fiscal second quarter ended Aug. 4, from $43.4 million, or 43 cents a share, a year earlier.

Analysts were looking for a profit of 47 cents a share, according to Thomson Reuters I/B/E/S.

FILED UNDER:
Photo

After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.