10:18 AM EDT, 06/18/2024 (MT Newswires) -- (Updates to include La-Z-Boy's ( LZB ) recent stock movement in the headline and the first paragraph.)

La-Z-Boy ( LZB ) shares were up more than 18% in recent Tuesday trading, a day after the company posted lower fiscal Q4 non-GAAP earnings and sales that still topped estimates from analysts polled by Capital IQ.

La-Z-Boy ( LZB ) reported fiscal Q4 non-GAAP earnings of $0.95 per diluted share, down from $0.99 a year earlier. Three analysts polled by Capital IQ expected EPS of $0.70.

Sales in the quarter ended April 27 fell to $553.5 million from $561.3 million a year earlier. Three analysts surveyed by Capital IQ expected $516.4 million.

The company projects fiscal Q1 sales of $475 million to $495 million. Two analysts polled by Capital IQ forecast $475.7 million.

Price: 40.30, Change: +6.21, Percent Change: +18.22