Steelcase slides 6.8% AH on off-the-mark Q2 results

|About: Steelcase Inc. (SCS)|By:, SA News Editor

Shares of Steelcase (SCS) fall 6.8% AH after Q2 results miss expectations.

The EMEA segment was a sore spot and offset strength in America. "Our global competitiveness continues to be negatively impacted by the cost structures within our EMEA segment, which has generated adjusted operating losses of $18.9 million during the first half of this fiscal year," said CFO David Sylvester.

Management guides to Q3 revenue of $755M-$780M (consensus of $757.1M) and EPS of $0.23-$0.27 (consensus of $0.26)

PR, Conference call at 11 am ET