Updated from 2:56 p.m. EDT Earnings were sluggish at furniture maker La-Z-Boy ( LZB - Get Report) in the first quarter, the company said Friday, and will fall short of analysts' expectations. The Monroe, Mich.-based company, a leading producer of home furniture with over $2 billion in annual sales, said first-quarter earnings will be between 17 cents and 21 cents, off 16% to 32% from the 25-cent-per-share Wall Street consensus, according to First Call/Thomson Financial. La-Z-Boy earned 25 cents a share in last year's first quarter. La-Z-Boy ended Friday regular trading down 1/8, or 0.8%, at 15. In a statement, the company attributed the shortfall to a general slowdown in the furniture market. Also impacting the quarter were higher expenses for amortization and higher interest payments on debts. The company predicted revenue for the fiscal quarter ending July 29 at slightly over $490 million, up from $321.6 million in sales in the same period a year ago.