steelcase
Steelcase stock is down approximately 6% after lowering its guidance for the upcoming quarter.The company is beginning to overcome inflation pressures but is forecasting weakening demand.A reduced dividend may cause income investors to stay away.Steelcase (NYSE: SCS) stock is dropping following a mixed earnings report. In this case, the company beat on earnings but missed on revenue. Normally, higher profits would be a cause for celebration. In this earnings season, however, investors are paying more attention to the company’s guidance. And on that front, Steelcase offered little to encourage ...
ValueWalk
Steelcase Moves Higher On Pricing PowerSteelcase (NYSE:SCS), a maker of office and industrial purpose furniture, has been struggling over the past few years but those times are changing. Postponed demand and a return to in-person operations at many businesses have reinvigorated the company and have it set up to outperform in 2022. The latest results show that not only is the demand coming back, but pricing power is offsetting inflationary pressures and that is great news for the dividend. Steelcase is among the highest-yielding stocks in the furniture industry and it is on track for distributi...
ValueWalk
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