La-Z-Boy Inc. shares fell in the extended session Tuesday after the recliner and furniture maker’s poor outlook overshadowed its earnings beat. La-Z-Boy...
La-Z-Boy Inc. LZB shares fell in the extended session Tuesday after the recliner and furniture maker’s poor outlook overshadowed its earnings beat. La-Z-Boy shares fell as much as 6% after hours, following a 1% gain in the regular session to close at $27.46. The company expects first-quarter revenue of $470 million to $490 million, while analysts surveyed by FactSet had forecast revenue of $522.4 million for the first quarter. La-Z-Boy reported fiscal fourth-quarter net income of $34.
La-Z-Boy shares fell as much as 6% after hours, following a 1% gain in the regular session to close at $27.46. The company expects first-quarter revenue of $470 million to $490 million, while analysts surveyed by FactSet had forecast revenue of $522.4 million for the first quarter. La-Z-Boy reported fiscal fourth-quarter net income of $34.4 million, or 79 cents a share, compared with $57.4 million, or $1.33 a share, in the year-ago period.
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