Stock Track | La-Z-Boy Soars 5.44% in Pre-Market on Q2 Earnings Beat

Stock Track11-20

La-Z-Boy Inc.'s stock soared 5.44% in the pre-market trading session on Wednesday, following better-than-expected results for its fiscal second quarter. The furniture maker's outperformance came despite a challenging environment, with furniture and home furnishings related spending remaining soft overall.

For the quarter ended October 28, La-Z-Boy reported earnings that exceeded analysts' estimates, driven by higher-than-anticipated sales. The company also raised its sales guidance for the current fiscal third quarter, projecting revenue between $505 million and $525 million, compared to analysts' average estimate of around $506 million.

In addition to the solid results, La-Z-Boy announced a 10% increase in its quarterly dividend to $0.22 per share. The company acknowledged the soft demand conditions but stated that it is "outperforming the industry in a sustainable manner," positioning itself favorably despite the headwinds.

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The furniture maker's outperformance came ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LZB","symbol_name":"La-Z-Boy家具","start_time":0,"source_url":"","article_id":"1158765555","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1158765555","pubTimestamp":1732112545,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"La-Z-Boy Inc.'s stock soared 5.44% in the pre-market trading session on Wednesday, following better-than-expected results for its fiscal second quarter. 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