lazboy inc shares rose in the extended session tuesday after the recliner and furniture maker’s quarterly results and outlook outpaced wall street estimates lazboy lzb shares surged 9 after hours following a 01 gain in the regular session to close at 2833 the company reported fiscal firstquarter net income of 385 million or 89 cents a share compared with 246 million or 54 cents a share in the yearago period adjusted earnings which exclude purchase accounting charges and other items were 91 cents a share compared with 55 cents a share in the yearago quarter revenue rose to 6041 million from 5248 million in the yearago quarter analysts surveyed by factset had forecast earnings of 67 cents a share on revenue of 5661 million based on lazboy’s forecast of 560 million to 575 million “we delivered excellent results for the quarter amidst challenging trends for the global economy and the furniture industry” said melinda whittington lazboy’s chief executive in a statement “we are focused on navigating the nearterm volatile environment with agility while strengthening our business for the long term with our century vision strategy “ “while we maintain our longterm commitment to steady sales growth and margin progress we continue to anticipate results may vary significantly during fiscal 2023 as a result of current industry dynamics as well as macroeconomic and geopolitical uncertainty and its effect on consumer sentiment” bob lucian lazboy’s chief financial officer in a statement that said lazboy expects secondquarter revenue to be up 2 to 5 from the yearago quarter ranging from 590 million to 605 million analysts had forecast revenue of 595 million for the second quarter as of tuesday’s close lazboy shares are down 22 for the year compared with a 13 decline on the sp 500 index spx in 2022