India, June 17 -- La-Z-Boy Inc (LZB) announced earnings for fourth quarter that decreased from the same period last year and missed the Street estimates.
The company's bottom line came in at $14.93 million, or $0.36 per share. This compares with $39.31 million, or $0.91 per share, last year.
Excluding items, La-Z-Boy Inc reported adjusted earnings of $38.39 million or $0.92 per share for the period.
Analysts on average had expected the company to earn $0.93 per share. Analysts' estimates typically exclude special items.
googletag.cmd.push(function() { googletag.display('div-gpt-ad-1568189509843-0'); });
The company's revenue for the period rose 3.1% to $570.871 million from $553.535 million last year.
La-Z-Boy Inc earnings at a glance...