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La-Z-Boy Slides as Trade Wars Impact Sales

M. Corey Goldman

slipped on Wednesday after the company reported fiscal fourth-quarter earnings that met analysts' forecasts but sales that came up short due to the impact of trade-war-related tariffs. The maker of reclining chairs and other furniture posted fiscal fourth-quarter adjusted net income of $30.2 million, or 64 cents an adjusted share, vs. $34.4 million, or 72 cents an adjusted share, in the comparable year-earlier quarter.