Investing.com – Steelcase reported on Wednesday second quarter that beat analysts’ forecasts and revenue that fell short of expectations.
Steelcase announced earnings per share of $0.21 on revenue of $863.3M (NYSE:). 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 and are trading at $9.24 , down-from-52-week-high.
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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