Check out the companies making premarket headlines: La-Z-Boy — Shares jumped more than 9% after La-Z-Boy’s latest quarterly results beat expectations. The furniture company reported fiscal fourth-quarter adjusted earnings of 95 cents per share on revenue of $554 million. Analysts polled by LSEG expected earnings of 70 cents per share on revenue of $516 million. Semiconductor stocks. Chip stocks rose on Tuesday, adding to the outperformance seen in recent days. Broadcom shares rose more than 3%, while Qualcomm and Micron Technology shares rose more than 2% each. Nvidia shares were trading less than 1% higher after Wells Fargo raised its price target on the de facto market leader. NextEra Energy — Shares of the utility fell nearly 5% after the company said it planned to sell about $2 billion worth of shares for $50 each. The units will include both a 5% undivided ownership interest in NextEra Energy Capital Holdings and a contract to purchase shares of NextEra by June 1, 2027. Kroger – Shares rose 1.7% after an upgrade from BMO Capital Markets, outperforming the market. The firm believes the recent downturn has created an attractive entry point for the grocery chain. Lennar — Shares of the homebuilder fell 3.5% despite stronger-than-expected second-quarter results. Lennar reported earnings per share of $3.45 on revenue of $8.77 billion. Analysts polled by LSEG expected earnings per share of $3.24 on revenue of $8.52 billion. Some Wall Street analysts pointed to Lennar’s guidance for the third quarter as an issue, which included a forecast that new orders would decline quarter over quarter. — CNBC’s Michelle Fox, Sarah Min and Jesse Pound contributed reporting.
