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La-Z-Boy (LZB) swings to a FQ1 profit of $0.85/share, reporting improved revenue and ...

La-Z-Boy (LZB) swings to a FQ1 profit of $0.85/share, reporting improved revenue and  same-store sales, but shares -8.5% premarket as $43.4M of its $45.5M profit is due to a favorable tax-asset valuation change and falls short of analyst expectations.
Comments (1)
  • Tony Petroski
    , contributor
    Comments (6373) | Send Message
     
    It pays to have good accountants and then, later, great tax attorneys.
    24 Aug 2011, 09:39 AM Reply Like
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