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

|About: La-Z-Boy Incorporated (LZB)|By:, SA News Editor

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.