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La-Z-Boy 1Q Profit Falls
August 21,
2012 by in UnCategorized
By Aggregated Content in Financial Reports on August 22, 2012
from http://www.toledoblade.com/Retail/2012/08/22/Untitled-B6-BV5F8O01-46K.html
Furniture maker La-Z-Boy Inc. reported a first-quarter 2013 profit of $4.4 million, or 8 cents a share, compared with $45.5 million, or 85 cents a share, for the same period in 2012.
For the year-ago quarter, $43.4 million of the profit was from a one-time tax gain from cutting the valuation allowance on deferred tax assets.
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