GRAND RAPIDS, Mich. (AP) _ Steelcase Inc. (SCS) on Wednesday reported a loss of $28.1 million in its fiscal first quarter.
The Grand Rapids, Michigan-based company said it had a loss of 24 cents per share.
The office furniture maker posted revenue of $556.6 million in the period.
For the current quarter ending in September, Steelcase expects its per-share earnings to range from 25 cents to 30 cents.
The company said it expects revenue in the range of $750 million to $780 million for the fiscal second quarter.
Steelcase shares have climbed almost 7% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $14.48, a rise of 19% in the last 12 months.
The Associated Press