Investing.com - Steelcase Inc (NYSE:SCS) shares were climbing during Monday’s post-bell session following the company’s release of is second quarter results, which surpassed expectations.
The provider of furniture settings, user-centered technologies, and interior architectural products earned 31 cents per share on revenue of $775.6 million. Analysts forecast earnings of 23 cents per share on revenue of $757.4 million.
While the second quarter results surpassed expectations, the company guided for third-quarter earnings below analyst estimates. Steelcase is looking for earnings of 21 cents to 25 cents per share. The company’s revenue expectation is for $785 million to $810 million, bracketing the analyst estimate of $798.7 million.
Steelcase shares climbed 4.5% in after-hours trade.