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Steelcase Inc. (SCS) Tops Q1 EPS by 5c; Offers Q2 Outlook

June 22, 2011 4:04 PM
Steelcase Inc. (NYSE: SCS) reported Q1 EPS of $0.10, $0.05 better than the analyst estimate of $0.05. Revenue for the quarter came in at $639.4 million versus the consensus estimate of $589.33 million.

Steelcase Inc. sees Q2 2011 EPS of $0.06-$0.10 (includes restructuring costs of about 9 cents per share), versus the consensus of $0.12. Steelcase Inc. sees Q2 2011 revenue of $670-$695 million, versus the consensus of $634.07 million.

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Earnings Guidance