Steelcase: Fiscal Q1 Earnings Snapshot
Posted Jun 23, 2021 02:15:50 PM.
Last Updated Jun 23, 2021 02:30:24 PM.
GRAND RAPIDS, Mich. (AP) _ Steelcase Inc. (SCS) on Wednesday reported a loss of $28.1 million in its fiscal first quarter.
The Grand Rapids, Michigan-based company said it had a loss of 24 cents per share.
The office furniture maker posted revenue of $556.6 million in the period.
For the current quarter ending in September, Steelcase expects its per-share earnings to range from 25 cents to 30 cents.
The company said it expects revenue in the range of $750 million to $780 million for the fiscal second quarter.
Steelcase shares have climbed almost 7% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $14.48, a rise of 19% in the last 12 months.
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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
The Associated Press