{"id":2946,"date":"2013-12-19T10:34:21","date_gmt":"2013-12-19T05:04:21","guid":{"rendered":"http:\/\/indonesia-furniture.com\/news\/2013\/12\/19\/steelcases-profit-up-sharply-on-higher-revenue\/"},"modified":"2013-12-19T10:34:21","modified_gmt":"2013-12-19T05:04:21","slug":"steelcases-profit-up-sharply-on-higher-revenue","status":"publish","type":"post","link":"https:\/\/indonesia-furniture.com\/articles\/steelcases-profit-up-sharply-on-higher-revenue\/","title":{"rendered":"Steelcase&#039;s profit up sharply on higher revenue"},"content":{"rendered":"<p>GRAND RAPIDS, Mich. (AP) \u00e2\u20ac\u201d Steelcase Inc. said Monday that earnings rose 72 percent for the latest quarter, boosted                         <!--adsense--><br \/>\n\t\t <!--more--><br \/>\nby higher revenue in its international and Steelcase Design Partnership units.<\/p>\n<p>The Grand Rapids-based office furniture company had third-quarter net income of $32.8 million, or 22 cents a share, up from $19.1 million, or 13 cents a share, a year earlier. This year&#8217;s earnings included $3.6 million in restructuring charges.<\/p>\n<p>Steelcase said revenue for the quarter ended Nov. 24 rose 6.8 percent to $802 million from $750.7 million a year ago.<\/p>\n<p>Analysts surveyed by Thomson Financial had forecast, on average, earnings of 19 cents a share on revenue of $807 million. Such forecasts typically exclude unusual items.<\/p>\n<p>Shares of Steelcase slipped 4 cents, or 0.2 percent, to close Monday at $18.06 on the New York Stock Exchange.<\/p>\n<p>In the first nine months of the fiscal year, net income almost doubled to $77.6 million, or 52 cents a share, from $39.6 million, or 27 cents a share, for the same period in fiscal 2013.<\/p>\n<p>Revenue rose to $2.3 billion from $2.13 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>GRAND RAPIDS, Mich. (AP) \u00e2\u20ac\u201d Steelcase Inc. said Monday that earnings rose 72 percent for the latest quarter, boosted<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-2946","post","type-post","status-publish","format-standard","hentry","category-furniture-world-news"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/posts\/2946","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/comments?post=2946"}],"version-history":[{"count":0,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/posts\/2946\/revisions"}],"wp:attachment":[{"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/media?parent=2946"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/categories?post=2946"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/indonesia-furniture.com\/articles\/wp-json\/wp\/v2\/tags?post=2946"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}