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CEO Kurt Darrow said that as $LZB moves into summer months, furniture industry typically experiences weaker demand, and the company's plants shut down for one week of vacation and maintenance in July, during the 1Q17. Accordingly, 1Q is usually $LZB's weakest in sales and earnings. Also, FY17, unlike FY16, will be a 52-week year, Darrow added.
Any idea why some investors are happy about the disastrous $UA results??
Wow! GM killed it with earnings today! Did not expect this after $F gave the feeling it will eclipse the Chevy maker completely!
Oil rebound starting to show up in energy stocks. $XOM $CVX
I have a feeling "CLOUDy" days are ahead, with $AMZN leading the pack.
$AAL is giving pay hikes to its employees but investors are sulking.