BUSINESS BRIEFING / EARNINGS

Shares of Williams-Sonoma Inc. rose to the highest level in 11 months after the gourmet-cookware retailer reported second-quarter earnings and sales that beat analysts’ estimates and raised its full-year forecast.

Williams-Sonoma advanced $1.74, or 11%, to $17.21, the highest closing price since Sept. 25.

Net income fell to $399,000, or break-even on a per-share basis, from $18.4 million, or 17 cents, a year earlier, the San Francisco retailer said. Revenue fell 18% to $672.1 million.