Recap: Steelcase Q3 Earnings

Shares of Steelcase SCS fell 7.29% after the company reported Q3 results.

Quarterly Results

Earnings per share fell 82.61% over the past year to $0.08, which beat the estimate of $0.03.

Revenue of $617,500,000 declined by 35.35% year over year, which missed the estimate of $628,800,000.

Outlook

Steelcase hasn't issued any earnings guidance for the time being.

Steelcase hasn't issued any revenue guidance for the time being.

Technicals

52-week high: $23.02

52-week low: $7.02

Price action over last quarter: Up 33.74%

Company Profile

Steelcase Inc is a furniture company primarily based in the United States and has operations in Europe, the Middle East, and Africa. Steelcase markets its products primarily through a network of independent and company-owned dealers. The company operates through the Americas segment, the EMEA segment and the Other category. The Americas segment offers architecture, furniture and technology products is marketed to corporate, government, healthcare, education and retail customers, EMEA segment provides furniture systems, storage and seating solutions.