Steelcase: Fiscal Q2 Earnings Snapshot
GRAND RAPIDS, Mich. (AP) — GRAND RAPIDS, Mich. (AP) — Steelcase Inc. (SCS) on Tuesday reported profit of $27.5 million in its fiscal second quarter.
The Grand Rapids, Michigan-based company said it had net income of 23 cents per share. Earnings, adjusted for one-time gains and costs, came to 31 cents per share.
The office furniture maker posted revenue of $854.6 million in the period.
For the current quarter ending in November, Steelcase expects its per-share earnings to range from 23 cents to 27 cents.
The company said it expects revenue in the range of $780 million to $805 million for the fiscal third quarter.
Steelcase expects full-year earnings in the range of 80 cents to 90 cents per share.
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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