La-Z-Boy stock jumps after hours as Q4 earnings beat offsets soft furniture demand
La-Z-Boy Incorporated shares jumped nearly 17% in late trading on Tuesday after the furniture maker reported fourth-quarter profit well ahead of Wall Street forecasts, reversing a sharp fall during the regular session. The stock had closed down 7.2% at $35.06 before moving to $40.99 after hours, when trading runs outside the New York Stock Exchange’s core 9:30 a.m. to 4 p.m. session and can move more sharply on earnings news.
