La-Z-Boy stock climbs 11.5% after profit report


La-Z-Boy Inc. stock rose 11.5 percent Wednesday to close at $17.23 a share.

The sharp increase came a day after the Monroe-based furniture maker reported a profit of $17.1 million in its fiscal third quarter.

Investors were impressed that sales in the company’s upholstered furniture segment were up 12.3 percent to $280 million in the quarter.