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Shares of Williams-Sonoma Inc. tumbled 5% in intraday trading Thursday, as the retailer missed analysts' estimates on its gross margins even as it posted better-than-expected quarterly results.

Analysts expect the San Francisco, California-based company to report quarterly earnings at $1.76 per share, up from $1.74 per share in the year-ago period. Williams-Sonoma projects to report quarterly revenue at $1.67 billion, compared to $1.66 billion a year earlier, according to data from Benzinga Pro.