La-Z-Boy Shares Up 7% on Q4 Beat, Guidance Above Expectations

La-Z-Boy (NYSE:LZB) shares closed more than 7% higher on Wednesday following the company’s reported Q4 results, with EPS coming in at $1.07, significantly better than the Street estimate of $0.92. Quarterly revenue increased 32% year-over-year to $685 million, compared to the Street estimate of $664.91 million.

The company provided its Q1 revenue guidance, expecting it to range from $560 million to $575 million, above the Street estimate of $554.2 million.