La-Z-Boy Q4 Adj $0.95 Beats $0.70 Estimate, Sales $553.53M Beat $516.44M Estimate
Portfolio Pulse from Benzinga Newsdesk
La-Z-Boy (NYSE:LZB) reported Q4 earnings of $0.95 per share, beating the analyst estimate of $0.70. Sales were $553.53 million, also surpassing the $516.44 million estimate. Despite the beats, both earnings and sales were slightly down from the same period last year.
June 17, 2024 | 8:30 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
La-Z-Boy reported Q4 earnings of $0.95 per share, beating the analyst estimate of $0.70. Sales were $553.53 million, also surpassing the $516.44 million estimate. Despite the beats, both earnings and sales were slightly down from the same period last year.
La-Z-Boy's Q4 earnings and sales both exceeded analyst expectations, which is likely to have a positive short-term impact on the stock price. However, the slight year-over-year decline in both metrics may temper some of the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100