La-Z-Boy's Q3 stock fell 12% due to lower-than-expected earnings and revenue.
La-Z-Boy's stock fell 12% after the company reported lower-than-expected Q3 earnings and revenue. La-Z-Boy's Q3 net income was $28.7m, or 67 cents a share, compared to $31.7m, or 74 cents a share, in the same period last year. The furniture maker's revenue decreased by 12.6% to $500.4m from $572.7m in the prior year's Q3.
February 20, 2024
4 Articles