La-Z-Boy Q2 Profit Rises - Quick Facts

(RTTNews) - La-Z-Boy Inc. (LZB) Tuesday reported second-quarter net income attributable to the company of $16.7 million or $0.31 per share, compared to $6.6 million or $0.12 per share in the comparable quarter last year.

On average, five analysts polled by Thomson Reuters expected the company to earn $0.26 per share for the quarter. Analysts' estimates typically exclude special items.

Sales improved 13.7 percent to $366.40 million from $322.34 million last year, while four analysts expected revenues of $349.40 million.

Further, the Board of Directors increased the company's regular quarterly dividend to shareholders by 50% to $0.06 per share, which will be paid on December 10, 2013, to shareholders of record as of November 29, 2013.