Steelcase: Fiscal Q2 Earnings Snapshot

GRAND RAPIDS, Mich. (AP) _ Steelcase Inc. (SCS) on Wednesday reported fiscal second-quarter net income of $24.7 million.

On a per-share basis, the Grand Rapids, Michigan-based company said it had net income of 21 cents.

The office furniture maker posted revenue of $724.8 million in the period.

For the current quarter ending in December, Steelcase expects its per-share earnings to range from 7 cents to 11 cents.

The company said it expects revenue in the range of $755 million to $785 million for the fiscal third quarter.

Steelcase shares have fallen 1.5% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $13.35, a rise of 18% 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

Categories: Business News