Steelcase shares slide on pessimistic outlook

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    • Jan 2009
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    Steelcase shares slide on pessimistic outlook

    Steelcase Inc. issued dour guidance for its current quarter, which the office-furniture and workspace company blamed on a decline in orders. The Grand Rapids, Mich.-based company provided the outlook while posting better-than-expected revenue for its latest quarter and profit -- on an adjusted, per-share basis -- that registered at the top-end of Steelcase's estimates for the period.


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