Steelcase gains on revenue beat, higher outlook

Steelcase

24/06/2021 13:30

** Shares of furniture company  SCS.N  up as much as 4.5% at
$15.2 premarket
    ** Co expects to post revenue in the range of $750 mln to
$780 mln in Q2, above Refinitiv IBES estimates of $704.3 mln
    ** Outlook based on expectations of strengthening recovery
driven by reopening of offices - SCS
    ** Also beats Q1 revenue estimates, helped by growth across
all segments  urn:newsml:reuters.com:*:nASA02BUK
    ** Co says Q1 orders grew 11% compared to prior year and 25%
compared to Q4, reflecting momentum as companies plan to return
to offices
    ** Stock up ~7% this year, as of last close 

 (Reporting by Rithika Krishna in Bengaluru)
 ((Rithika.Krishna@thomsonreuters.com;))