La-Z-Boy Sinks 17% After Weak $500 Million-$520 Million Revenue Outlook as Earnings Split After Hours
Updated
Updated · CNBC · Aug 18
La-Z-Boy Sinks 17% After Weak $500 Million-$520 Million Revenue Outlook as Earnings Split After Hours
2 articles · Updated · CNBC · Aug 18
Summary
La-Z-Boy plunged 17% after forecasting current-quarter revenue of $500 million to $520 million, well below the $536.8 million FactSet consensus.
43 cents a share in adjusted first-quarter earnings also showed pressure, down 9% year over year, while adjusted operating income fell 20% to $18.7 million.
Keysight rose 2% and Jack Henry gained 3% after both beat estimates, with Keysight posting $3.07 a share on $1.85 billion in revenue and Jack Henry earning $1.57 on $644 million.
Mercury Systems slid more than 10% as a one-cent fourth-quarter earnings miss overshadowed its roughly $1.1 billion fiscal 2027 revenue target, while Toll Brothers dipped 0.3% despite a third-quarter beat and delivery guidance roughly in line.