La-Z-Boy Inc Q2 Profit Increases, beats estimates

La-Z-Boy Inc (LZB) released earnings for its second quarter that increased from last year and beat the Street estimates.

The company's bottom line totaled $46.1 million, or $1.07 per share. This compares with $39.5 million, or $0.89 per share, in last year's second quarter.

Excluding items, La-Z-Boy Inc reported adjusted earnings of $45.4 million or $1.05 per share for the period.

Analysts on average had expected the company to earn $0.85 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 6.1% to $611.3 million from $575.9 million last year.

La-Z-Boy Inc earnings at a glance (GAAP) :

-Earnings (Q2): $46.1 Mln. vs. $39.5 Mln. last year.
-EPS (Q2): $1.07 vs. $0.89 last year.
-Analyst Estimate: $0.85
-Revenue (Q2): $611.3 Mln vs. $575.9 Mln last year.

Next quarter revenue guidance: $525-$535 mln

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