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La-Z-Boy Inc.

November 19, 2009

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The furniture maker is looking very comfortable after it recorded a profit in the second quarter from a year-ago loss. The company said lower restructuring and operating costs offset weaker sales. La-Z-Boy earned $5.9 million, or 11 cents per share. That compares with a loss of $53.7 million, or $1.05 per share, a year earlier. Revenue fell 9 percent to $300.7 million, from $331.9 million.