Steelcase: Fiscal 3Q Earnings Snapshot

GRAND RAPIDS, Mich. (AP) _ Steelcase Inc. (SCS) on Tuesday reported fiscal third-quarter earnings of $37.3 million.

On a per-share basis, the Grand Rapids, Michigan-based company said it had net income of 31 cents. Earnings, adjusted for one-time gains and costs, were 36 cents per share.

The office furniture maker posted revenue of $901 million in the period.

For the current quarter ending in February, Steelcase said it expects revenue in the range of $860 million to $885 million.

Steelcase shares have declined roughly 7 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $14.19, a decline of nearly 2 percent in the last 12 months.


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