Steelcase Inc. (SCS) Dropped To A 7-Month Low After Weak Q1 Report

Steelcase Inc. (SCS) reported first quarter EPS of $0.15 after the close Wednesday, which fell short of the consensus estimate of $0.19. The company expects to report second quarter EPS of $0.21 to $0.25. Street expectations are for EPS of $0.35.

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