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Home>Steelcase's stock drops after disappointing sales offsets profit beat

Steelcase's stock drops after disappointing sales offsets profit beat

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Mon, 22 Dec 2014

Shares of Steelcase Inc. (SCS) fell 7.5% in after-hours trade Monday, after the office furniture maker's better-than-expected fiscal third-quarter profit was offset by disappointing sales results. For the quarter ended Nov. 28, net profit fell to $11.8 million, or 9 cents a share, down from $23
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