Tuesday, June 26, 2007

UPDATE 1-Steelcase posts higher profit

(Reuters) - The company said it earned $33.6 million, or 23 cents a
share, in its fiscal first quarter, up from from $18.2 million,
or 12 cents a share, a year earlier. Revenue rose 11.2 percent
to $808.5 million, from $727.3 million a year ago.




The results were better than expected. Analysts on average
expected the Grand Rapids, Michigan-based company to report a
profit of 19 cents a share on revenue of $785.3 million,
according to Reuters Estimates.


Read more at Reuters.com Market News

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