Recap: Steelcase Q1 Earnings

Shares of Steelcase (NYSE:SCS) rose in after-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share were down 33.33% over the past year to ($0.24), which beat the estimate of ($0.31).

Revenue of $556,600,000 higher by 15.29% year over year, which beat the estimate of $554,870,000.

Guidance

Steelcase Sees Q2 Adj. EPS $0.25-$0.30 Vs. $0.22 Est., Sales $750M-$780M Vs. $704.3M Est.

Price Action

52-week high: $16.84

52-week low: $9.47

Price action over last quarter: down 0.75%

Company Description

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