Articles by: Daily Staff

Markets

La-Z-Boy Posts Mixed Results

La-Z-Boy Posts Mixed Results

Furniture retailer La-Z-Boy (LZB) posted mixed results for its fiscal fourth quarter, with a decline in upholstery sales partly offsetting gains in the company’s retail segment, which was buoyed by contributions from two acquisitions. The Monroe, Mich.-based company, generated sales of $453.8 million in the three months ended April 27, […]

by × June 19, 2019 × 0 comments

Finance

Nomura Unveils Share Buyback Program

Nomura Unveils Share Buyback Program

Shares of Nomura (NMR, 8604.T) surged on Wednesday after the Japanese brokerage house said that its board has approved a program to buy back up to 150 billion yen of shares ($1.38 billion) while concurrently agreeing to lower the company’s stake in Nomura Research Institute. The repurchase program will run […]

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Stock News

Winnebago Reports Mixed Fiscal Third Quarter

Winnebago Reports Mixed Fiscal Third Quarter

Winnebago Industries (WGO) reported mixed results for its fiscal third quarter as revenue in its motorhome segment sank because a supplier problem with chassis, and the company’s chief executive said materials costs are “volatile” because of tariffs. Revenue fell 5.9% to $528.9 million in the fiscal third quarter ended May […]

by × June 19, 2019 × 0 comments