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Strategies & Market Trends : Can you beat 50% per month? -- Ignore unavailable to you. Want to Upgrade?

To: Smiling Bob who wrote (16023)	8/21/2012 6:10:48 PM
From: Smiling Bob	Respond to of 19257

LZB - earnings in line revenue beat by 3% Stock up over 7% ah I guess there's value because it's below its 2002 peak? With false recovery taking this higher, worth watching ----- La-Z-Boy Jumps Higher on Revenue Strength Email Print smaller Larger By Avi SalzmanLa-Z-Boy ( LZB) shares rose 8.2% after hours after the company beat the Street’s revenue expectations. The furniture-maker posted 8 cents of EPS, in line with expectations. Revenue of $301.5 million was up 7.6% year over year and beat analysts’ expectations for $291.8 million. LZB was already up 88% in the past year before the report, although it’s trading well below its 2002 peak. “In addition to increasing sales in all three business segments for the quarter and posting 9.2% same-store-sales growth for our network of La-Z-Boy Furniture Galleries(R) stores, we more than doubled our operating income,” said Chairman and CEO Kurt Darrow. “Our results reflect our ability to leverage a lean cost structure and, as we move into what is typically a stronger fall selling season, we expect to continue to capitalize on the strength of our brand and marketing initiative as well as our vast network of proprietary distribution to drive growth, retail profitability and positive conversion on additional volume.” That said “the industry continues to face sales challenges with higher ticket dining room and bedroom casegoods groups