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Feb. 19, 2019, 5:22 p.m. EST

La-Z-Boy stock gains 5% after company's fiscal Q3 tops views

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By Claudia Assis

LZB

Shares of La-Z-Boy Inc. /zigman2/quotes/202858913/lastsale LZB -0.66% rose nearly 5% in the extended session Tuesday after the furniture maker reported fiscal third-quarter sales and earnings above Wall Street views. La-Z-Boy earned $28.7 million, or 61 cents a share, compared with $12.3 million, or 25 cents a share, a year ago. Adjusted for one-time items, La-Z-Boy earned 63 cents a share, compared with 25 cents a share a year ago. Sales rose 13% to $468 million in the quarter, compared with $414 million a year ago. Analysts polled by FactSet expected La-Z-Boy to earn an adjusted 55 cents a share on sales of $458 million. La-Z-Boy shares ended the regular trading day up 2.6%.

/zigman2/quotes/202858913/lastsale
US : U.S.: NYSE
$ 17.95
-0.12 -0.66%
Volume: 527,191
April 2, 2020 6:30p
P/E Ratio
10.97
Dividend Yield
3.12%
Market Cap
$831.82 million
Rev. per Employee
$190,182
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