Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: SMALL FRY who wrote (114993)	10/9/2000 8:30:13 PM
From: Susan G	Respond to of 120523

Too bad, they sure have great stuff in their catalog... I guess people have stopped buying top of the line cookware and have all gone to Walmart <g> Williams-Sonoma to Miss 3rd-Qtr Forecasts; CFO Quits San Francisco: Williams-Sonoma Inc., a kitchen-goods and home-furnishings chain, said fiscal third- quarter profit will fall on lower-than-expected catalog sales and higher costs, sending its shares down 30 percent. Chief Financial Officer John Tate, 50, will resign as of Nov. 1 after just 18 months at the job, the company said. Profit in the quarter ending Oct. 29 will be 4 cents to 6 cents a share, down from 16 cents a year earlier. Analysts' average estimate was 18 cents, according to First Call/Thomson Financial. Sluggish demand for products in Williams-Sonoma's autumn and early holiday catalogs hurt sales, forcing the company to mark down prices and boost advertising. Higher interest rates and gasoline prices have prompted shoppers to reduce spending, and analysts expect that third-quarter U.S. economic growth slowed. ``This company has had difficulty in the past making their numbers when things slow down,'' said David Magee, an analyst with Robinson-Humphrey who rates the stock ``outperform.'' ``This is another piece of evidence of that.''