La-Z-Boy (LZB) Stock Surges Over 17% After Hours: Why Is It Moving?

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. Retail Network Hits All-Time High According to the company, its retail segment written sales rose 11% versus a year ago. Company-owned locations reached an all-time high of 230 across North America, representing 61% of the ... Full story available on Benzinga.com