La-Z-Boy’s stock climbs on earnings beat

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La-Z-Boy Inc.’s stock climbed 4% in extended trading Tuesday after the retailer reported quarterly results that easily topped analyst earnings estimates....

La-Z-Boy Inc.’s stock LZB climbed 4% in extended trading Tuesday after the retailer reported quarterly results that easily topped analyst earnings estimates. La-Z-Boy reported fiscal third-quarter earnings of $31.7 million, or 74 cents a share, compared with net earnings of $28.5 million, or 65 cents a share, in the year-ago quarter. Adjusted earnings were 91 cents a share. Revenue was flat at $572.7 million, compared with $571.6 million a year ago.

’s stock LZB climbed 4% in extended trading Tuesday after the retailer reported quarterly results that easily topped analyst earnings estimates. La-Z-Boy reported fiscal third-quarter earnings of $31.7 million, or 74 cents a share, compared with net earnings of $28.5 million, or 65 cents a share, in the year-ago quarter. Adjusted earnings were 91 cents a share. Revenue was flat at $572.7 million, compared with $571.6 million a year ago.

 

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