Steelcase Inc. (SCS) reported first quarter adjusted EPS of $0.13 after the close Wednesday, which was in line with the consensus estimate. Second quarter EPS is expected to be between $0.22 and $0.26. The consensus estimate is for EPS of $0.27. The stock is now down 0.43 on 12K shares.
Steelcase was range-bound for the bulk of Wednesday's session and finished up by 0.13 at $15.15. The stock has been gaining ground for the last 2 weeks and set a 2 1/2 month high.
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