Katie O'Brien
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Williams Sonoma Drops, Misses Projections

Williams Sonoma (NYSE: WSM) stock fell Wednesday by almost 3.2 percent, according to The Motley Fool, which echoed the under-projected earnings for the fourth quarter of 2014.

The company reported $1.54 billion in revenues during Q4, according to The Motley Fool, while analysts expected closer to $1.57 billion. Williams Sonoma’s ecommerce segment did well, however, increasing 9 percent to $770 million in revenues, The Motley Fool reported.

CEO and President of Williams Sonoma Laura Alber said in a statement:

“Our powerful brands and the competitive advantage provided by our multi-channel platform and entrepreneurial culture delivered another year of strong returns for our shareholders. In 2014, we experienced growth in all of our brands and across our channels. Our highly profitable e-commerce business represented more than 50% of our revenues in 2014, a significant milestone for Williams-Sonoma, as we capitalize on our position at the intersection of retail and technology. We are very pleased with our fourth quarter results despite the effects of the west coast port disruption. Unfortunately, we expect this disruption to continue and to have a more significant impact through the first half of 2015.”