lazboy inc lzb shares rallied more than 11 in the extended session tuesday after the furniture maker reported fiscal fourthquarter earnings above wall street expectations and said it is focusing on its backlog and long lead times lazboy said it earned 575 million or 133 a share compared with 375 million or 81 cents a share in the yearago quarter adjusted for onetime items the company earned 107 sales rose 32 to a record 685 million the company said factset consensus called for earnings of 92 cents a share on sales of 665 million for lazboy in the near term we remain focused on increasing our agility to work down our backlog and improve service to customers and consumers with shorter lead times the company said in a statement we expect our strong balance sheet and significant backlog will allow us to move through the current uncertain period and make important investments in our future as we deliver returns to all stakeholders the company guided for fiscal 2023 firstquarter revenue to be up between 7 and 10 versus as compared with the first quarter of fiscal 2022 in a range between 560 million and 575 million and a consolidated nongaap operating margin in a range between 65 and 75 we expect current macroeconomic and geopolitical uncertainty and its effect on consumer sentiment will likely cause demand trends to remain volatile for the foreseeable future lazboy said adding it was beginning to invest more in marketing to drive demand and improving the way it navigates supplychain disruptions lazboy stock ended the regular trading day down 2