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Benzinga

Business

Dylan Berman

La-Z-Boy Stock Is Trading Lower Wednesday: What's Going On?

Kuala,Lumpur,-,Circa,2019:,Premium,Sofa,La-z-boy,On,Sale

La-Z-Boy Incorporated (NYSE:LZB) stock is trading lower Wednesday after the company reported worse–than-expected first quarter financial results and issued second quarter sales guidance below estimates on Tuesday after the market closed.

What To Know: The company reported adjusted earnings per share of 47 cents, missing the consensus estimate of 55 cents. In addition, the company reported sales of $492.22 million, missing the consensus estimate of $494.00 million.

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