Steelcase (SCS) Reports Mixed Q1 Earnings; Guides Q2 Below the Street
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Steelcase Inc. (NYSE: SCS) reports Q1 EPS of $0.16, 6 cents lower than the analyst estimate of $0.22. Revenues for the quarter were $815.7 million, versus the consensus of $812.04 million.
Sees Q2 EPS in the range of $0.15-$0.20, versus the consensus of $0.24. Sales for the quarter are expected to be up 3-7% from last year's reported $825.2 million during the quarter.
Steelcase, Inc., together with its subsidiaries, engages in the design, manufacture, and marketing of office furniture in North America and internationally.
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