La-Z-Boy: Fiscal 1Q Earnings Snapshot
Aug. 21, 2018
MONROE, Mich. (AP) _ La-Z-Boy Inc. (LZB) on Tuesday reported fiscal first-quarter profit of $18.3 million.
On a per-share basis, the Monroe, Michigan-based company said it had net income of 39 cents.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 25 cents per share.
The furniture company posted revenue of $384.7 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $367.1 million.
La-Z-Boy shares have climbed almost 6 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $33.05, a climb of 6 percent in the last 12 months.