3 Stocks Rise on Thursday
- By Omar Venerio
Shares of Williams-Sonoma Inc. (WSM) jumped more than 10% after reporting second-quarter earnings per share of 77 cents on $1.28 billion in revenue, reflecting a 6.7% year-over-year increase. The company beat earnings estimates by 9 cents and revenue expectations by $20 million.
"Today, we are announcing another quarter of strong results with topline growth at the high-end of guidance, gross margin significantly above last year and a substantial EPS outperformance," President and CEO Laura Alber said.
Warning! GuruFocus has detected 6 Warning Signs with WSM. Click here to check it out.
The intrinsic value of WSM
The operating margin for the quarter was 5.8%, compared to 6.8% in prior-year period . Excluding certain item s, the non-GAAP operating margin was 6.8%.
During the quarter, the company r epurchased 2,409,000 shares of common stock at an average price of $56.90 per share for a total cost of approximately $137 million.
Looking ahead to full-year 2018, the company now expects n on-GAAP net revenue between $5.5 billion and $5.6 billion . Comparable brand revenue growth is projected to grow between 3% and 5% . The company also guided for diluted earnings per share in the range of $4.26 to $4.36 .
Shares of Synopsys Inc. (SNPS) rose more than 7 % after reporting third- quarter earnings per share of 95 cents on $ 779 . 7 m illion in revenue. The company beat earnings estimates by 3 cents and revenue expectations by $ 6 . 09 million.
Looking ahead to the fourth quarter , the c ompany guides for r evenue between $774 million and $804 million, GAAP earnings per share between 39 cents and 47 cents and non-GAAP earnings per share between 76 cents and 80 cents per share.
Shares of Lantronix Inc. (LTRX) advanced more than 12 % on third- quarter earnings per share of 2 cents. Revenue was $ 11 . 6 m illion, growing 2 . 3 % year over year. The company beat earnings estimates by 3 cent s and revenue expectations by $ 0 . 3 million.
The gross profit margin was 56.8%, up from 55.5% in the prior-year quarter.
D isclosure: The author holds no positions in any stocks mentioned .
This article first appeared on GuruFocus.
Warning! GuruFocus has detected 6 Warning Signs with WSM. Click here to check it out.
The intrinsic value of WSM
