Office furniture makers Steelcase (SCS) and Herman Miller (MLHR) both announced...

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

Office furniture makers Steelcase (SCS) and Herman Miller (MLHR) both announced better-than-expected earnings (I, II) after yesterday's close, with orders for each firm rising 20%-plus despite high unemployment. "Apparently, employers are increasing their spending more on the furniture than on the people who sit on the furniture." SCS +5.6%, MLHR +7% premarket.