La-Z-Boy Inc. (NYSE:LZB) shares jumped 17.66% to $41.25 in after-hours trading Tuesday after the furniture maker reported fiscal fourth quarter results where earnings per share and revenue both topped analyst estimates.
The data was reported for the period ended Apr. 25.
EPS Blows Past Estimates
EPS for the quarter for La-Z-Boy in the fourth quarter came in at $1.26, crushing the analyst estimate of $0.82 by 53.7%. The company posted a revenue of $570.34 million, surpassing the estimate of $569.23 million by 0.20%.
La-Z-Boy reported a GAAP operating margin of 7.2% and an adjusted operating margin of 9.9%, up 50 basis points versus the prior year.
