Steelcase: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Steelcase (NYSE:SCS) reported Q4 earnings with an EPS of $0.23, beating estimates by 10.0% but with a revenue decrease of $26.50 million from the previous year. The company had previously beaten EPS estimates last quarter, leading to an 11.0% share price increase the following day.
March 20, 2024 | 8:15 pm
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Steelcase reported Q4 earnings with an EPS of $0.23, surpassing estimates by 10%, despite a revenue decrease from the previous year.
Steelcase's earnings beat, coupled with a history of share price increase following positive earnings reports, suggests a likely short-term positive impact on its stock price. The revenue decrease is a concern but seems overshadowed by the positive EPS surprise.
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