Steelcase (SCS) Shares Fall 6% Following Q3 Miss and Lower Q4 Guidance

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Go back to Steelcase (SCS) Shares Fall 6% Following Q3 Miss and Lower Q4 Guidance

Steelcase (SCS) Misses Q3 EPS by 1c; Guides Q4 Lower

December 16, 2021 4:08 PM EST

Steelcase (NYSE: SCS) reported Q3 EPS of $0.08, $0.01 worse than the analyst estimate of $0.09. Revenue for the quarter came in at $738.2 million versus the consensus estimate of $767.62 million.

GUIDANCE:

Steelcase sees Q4 2022 EPS of $0.00, versus the consensus of $0.12. Steelcase sees Q4 2022... More