La-Z-Boy surges on earnings beat, Lionsgate falls as Netflix denies acquisition interest

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Summary · why it matters

La-Z-Boy shares jumped 14.8% after the company reported fourth-quarter 2026 earnings of $1.26 per share, surpassing the Zacks Consensus Estimate of $0.82 per share. Lionsgate Studios shares declined 6.2% after Netflix denied reports that it was interested in acquiring the media company. Oracle shares fell 2.6% following reports that Microsoft had ended negotiations for a potential $3 billion cloud infrastructure deal. Take-Two Interactive Software shares edged down 0.8% amid a broader decline in the communication services sector.

Impact on assets 6

Communication Services▼
Consumer Discretionary▲
Cloud & Digital Infrastructure▼
Oracle Corporation
ORCL
▼ NegativeCapitalrelevance

Microsoft ended negotiations for a potential $3 billion cloud infrastructure deal.

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