La-Z-Boy Inc. (LZB) Tuesday reported fourth-quarter profit of $18.3 million or $0.33 per share, down from $19.6 million or $0.37 per share in the same period last year.
On average, five analysts polled by Thomson Reuters expected the company to earn $0.28 per share for the quarter. Analysts' estimates typically exclude special items.
Sales improved 9.8 percent to $359.5 million from $327.39 million last year. Analysts expected revenues of $357.67 million.
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