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When Hal Freedman and Willi Rudowsky moved from San Francisco to St. Petersburg 14 years ago, their friends took bets on how long they'd stay.
's stock had its "neutral" rating reissued by Zacks in a report released on Friday.
U.S. stocks fell, sending the Standard & Poor's 500 Index below 2,000, as violence in Ukraine and disappointing retail earnings overshadowed data showing the economy expanded more than estimated.
That can be considered a sell signal. After the close Wednesday, the San Francisco-based retailer reported Q2 earnings that met consensus estimates and revenue that just missed views.
The Dow Jones industrial average fell 42.44 points to 17,097.57. The Nasdaq composite index was down 11.93 points to 4,557.69.
Midway through trading Thursday, the Dow traded down 0.31 percent to 17,069.84 while the NASDAQ declined 0.22 percent to 4,559.78.
Highlight the poor guidance from Williams-Sonoma last night and how this could spell trouble for other home goods retailers.
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UBS Global Emerging Markets Equity Strategy Head Geoffrey Dennis examines the markets during geopolitical tensions.
Williams-Sonoma, Inc. issued an update on its third quarter earnings guidance on Wednesday morning.
Williams-Sonoma the San Francisco-based seller of cookware and home furnishings, plunged almost 12 percent in after-hours trading after its third-quarter forecast missed analysts' estimates.
I write about stock markets, art markets, millennials and their money. Before joining the markets and personal finance desk I produced the investing section of Forbes.com.
The home goods retailer posted revenue for the quarter of $1.04 billion, a 5.9% increase from $982 million year over year, but missed analysts' estimates of $1.05 billion by $10 million.
Analysts polled by Thomson Reuters expect the high-end home furnishings retailer to earn 53 cents a share, an 8.2% rise from the prior-year quarter, when it reports Wednesday.
Updated: Mon Sep 01, 2014 07:50 am
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