Bulletin
Investor Alert

New York Markets Close in:

Market Pulse Archives

June 18, 2019, 4:35 p.m. EDT

La-Z-Boy stock tanks after company's quarterly sales miss

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    La-Z-Boy Inc. (LZB)

or Cancel Already have a watchlist? Log In

By Claudia Assis

LZB

Shares of La-Z-Boy Inc. /zigman2/quotes/202858913/composite LZB +6.03% fell more than 14% in the extended session Tuesday after the furniture maker reported fiscal fourth-quarter sales that were below Wall Street expectations. La-Z-Boy said it earned $1.5 million, or 3 cents a share, in the quarter, compared with $34 million, or 72 cents a share, in the year-ago quarter. Adjusted for one-time items, the company earned $30 million, or 64 cents a share, compared with 72 cents a share a year ago. Sales rose 8% to $453.8 million in the quarter, La-Z-Boy said. Analysts polled by FactSet had expected adjusted profit of 64 cents a share on sales of $457 million.

/zigman2/quotes/202858913/composite
US : U.S.: NYSE
$ 22.15
+1.26 +6.03%
Volume: 4,988
April 9, 2020 9:54a
P/E Ratio
13.38
Dividend Yield
2.56%
Market Cap
$961.63 million
Rev. per Employee
$190,182
loading...

Get news alerts on La-Z-Boy Inc. — or create your own.
This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.