Home / Markets / Industries / Retail
Tuesday, November 17, 2009
La-Z-Boy Sees Profitable 2Q
By Kathryn Glass
FOXBusiness
Furniture-maker La-Z-Boy Inc. (LZB) reported fiscal second quarter earnings per share that missed expectations, while revenue topped estimates.
The company saw fiscal second-quarter profit of $5.9 million or 11 cents a share, compared to a net loss of $53.7 million or a loss of $1.05 per share in the year-ago quarter.
Revenue continued to edge lower compared to the year-ago quarter, falling 9.4% to $300.7 million.
Analysts polled by Thomson Reuters were expecting earnings of 12 cents per share on revenue of $285 million.
Same-store written sales, or sales that have been made without being delivered to the customer, fell 0.6%, with total sales falling 7.5%.
Shares of La-Z-Boy rose 12 cents or 1.67% in after-hours trading, Tuesday, after falling 20 cent or 2.71% during the session to close at $7.18 a share.
Fox Business Video
-
-
Shaping Up Wall Street
-
Feb 9, 2010
Eric Dinallo on running for NY AG
-
-
-
Tips for John Thain
-
Feb 9, 2010
Some tips for the new CIT CEO
-
-
-
Madison Square Garden Goes Public
-
Feb 9, 2010
MSG splits from Cablevision
-
-
-
Google Joins the Social Networ...
-
Feb 9, 2010
Google adds status feature to Gmail
-
-
-
How Much Energy is Your Neighb...
-
Feb 9, 2010
Compare your energy consumption with your neighbors
-
Last 5 Stocks
- Ticker
- Company
- Price
- Change