Williams-Sonoma Inc reported a higher-than-expected quarterly profit on Thursday as the home-goods retailer kept a tight lid on costs.

The operator of the Williams-Sonoma cookware and Pottery Barn furnishings chains said net profit was $7.3 million, or 7 cents a share, in the third quarter that ended November 1, compared with a year-earlier net loss of $11.0 million, or 10 cents a share.

Excluding one-time items, the company earned 16 cents a share, beating the analysts' average forecast of 5 cents, according to Thomson Reuters I/B/E/S.

Net revenue fell 3 percent to $729 million.

(Reporting by Dhanya Skariachan; Editing by Lisa Von Ahn)