Williams-Sonoma WSM reported Tuesday first-quarter earnings of $30.7 million, or 30 cents a share, compared to year-earlier earnings of $31.6 million, or 29 cents. Without what the company called "unusual business events," first-quarter earnings per share were 34 cents, up from 30 cents last year. Revenue in the quarter was $817.6 million. The San Francisco-based upscale home products retailer was expected by analysts to report fiscal first-quarter profit of 32 cents a share on revenue of $811.7 million. Williams-Sonoma said it anticipates fiscal 2012 adjusted earnings of $2.42 to $2.49 share, up from its previously estimates of $2.37 to $2.47 a share. Buy Nokia, Prepare RIM's Grave
Bayer and Onyx Pharmaceuticals ONXX said a late-stage clinical study evaluating Nexavar failed to show the drug can prolong the lives of patients with lung tumors. JPMorgan Chase-ened
Specialty retailer Urban Outfitters URBN posted Monday first-quarter profit that topped analysts' expectations. Urban Outfitters earned $34 million, or 23 cents a share, for the three months ended April 30, 3 cents above analysts' views.
Simon Property Group SPG shareholders rejected the eight-year compensation package that was proposed for its CEO David Simon, according to The Wall Street Journal. This package included a base salary of $1.25 million a year and $132 million in stock awards over the eight-year time period. -- Written by Joseph Woelfel >To contact the writer of this article, click here: Joseph Woelfel >To submit a news tip, send an email to: email@example.com.