Investing.com - Steelcase reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Steelcase announced earnings per share of $0.21 on revenue of $863.3M. Analysts polled by Investing.com anticipated EPS of $0.1267 on revenue of $887.37M.
Steelcase shares are down 21.16% from the beginning of the year , still down 31.12% from its 52 week high of $13.41 set on Wednesday, September 22, 2021.
Steelcase follows other major Industrials sector earnings this month
Steelcase's report follows an earnings missed by FedEx on Thursday, September 15, 2022, who reported EPS of $3.44 on revenue of $23.2B, compared to forecasts EPS of $5.14 on revenue of $23.61B.
COSCO SHIPPING ADR had matched expectations on Tuesday, August 30, 2022 with third quarter EPS of $1.67 on revenue of $15.25B, compared to forecast for EPS of $1.67 on revenue of $15.26B.
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