NEW YORK (TheStreet) -- LA-Z-Boy (LZB) shares are falling, down -11.4% to $22.00, in after-hours trading on Tuesday following the release of the company's fourth quarter earnings results.
LA-Z-Boy reported fourth quarter sales of $353 miillion, up 2.1% over the previous year, but well below analysts forecast of $368.5 million in revenue.
The company reported earnings of 33 cents per diluted share, 1 cent better than analysts anticipated.
Must Read: Warren Buffett's 25 Favorite Stocks
TheStreet Ratings team rates LA-Z-BOY INC as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:
"We rate LA-Z-BOY INC (LZB) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company shows weak operating cash flow."