Steelcase: Fiscal 1Q Earnings Snapshot
GRAND RAPIDS, Mich. (AP) _ Steelcase Inc. (SCS) on Tuesday reported a fiscal first-quarter loss of $38.1 million, after reporting a profit in the same period a year earlier.
The Grand Rapids, Michigan-based company said it had a loss of 33 cents per share. Losses, adjusted for asset impairment costs, were 18 cents per share.
The office furniture maker posted revenue of $482.8 million in the period.
Steelcase shares have fallen 41% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $12.08, a decline of 30% in the last 12 months.
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