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.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SCS at https://www.zacks.com/ap/SCS