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La-Z-Boy (LZB) Stock Tumbles in After-Hours Trading on Q1 Results

NEW YORK (TheStreet) -- Shares of La-Z-Boy (LZB) are plunging 15.59% to $26.34 in after-hours trading on Tuesday after posting fiscal 2017 first-quarter earnings and revenue below analysts' projections.

After today's market close, the Monroe, MI-based furniture manufacturer reported earnings of 28 cents per diluted share, while analysts were modeling earnings of 29 cents a share.

Revenue fell to $340.8 million from $341.4 million a year ago and missed analysts' estimates of $358.8 million.

The flat sales...