=Steelcase (SCS) reported earnings on Wed 21 June 2017 (a/h)

GRAND RAPIDS, Mich. (AP) _ Steelcase Inc. (SCS) on Wednesday reported fiscal first-quarter net income of $18.1 million.

On a per-share basis, the Grand Rapids, Michigan-based company said it had profit of 15 cents.

The office furniture maker posted revenue of $735.1 million in the period.

For the current quarter ending in September, Steelcase said it expects revenue in the range of $750 million to $780 million.

Steelcase shares have fallen nearly 9 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $16.30, a rise of roughly 10 percent in the last 12 months.