India, Feb. 19 -- Shares of La-Z-Boy Inc (LZB) gained nearly 5% in after hours trading on Tuesday after the company's third-quarter profit trumped Wall Street estimates.
Monroe, Michigan-based La-Z-Boy's third-quarter profit rose to $34.5 million or $0.74 per share from $28.7 million or $0.61 per share last year.
Excluding items, La-Z-Boy's adjusted earnings for the quarter were $0.72 per share. Analysts polled by Thomson Reuters estimate earnings of $0.63 per share for the quarter.
The company's revenue for the quarter rose 1.8% to $475.9 million from $467.6 million last year. Analysts had a consensus revenue estimate of $481.05 million.
Sales in the company's Upholstery segment increased 0.7% to $336.7 million, while Retail segment in...