Williams-Sonoma Battles Back After Mixed Report

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Williams-Sonoma, Inc.WSM
shares are trading lower by only $0.80 at $65.41 in Friday's session. After a Q3 EPS beat of $0.04 with slightly better revenues, the Street did not take its lowered Q4 and FY 2015 lower guidance well. In a wild session, the issue opened lower and dipped all the to $61.36 before reversing course. That marks the lowest level for the issue since it bottomed on May 15, 2014, at $61.67. Since reaching that depressed level it rallied all the back to just beyond Thursday's close ($66.21), reaching $66.30 before falling back under $66.
Joel Elconin is the co-host of Benzinga's #PreMarket Prep, a daily trading idea radio show.
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