Steelcase expects net loss despite lower 4th-qtr. prices
Dec 24, 2008 | 05:40 AM
| Corinna Petry
Steelcase Inc. expects to benefit from lower commodity spot prices in its fiscal fourth quarter but is projecting a net loss due to lower demand.
"While we have been encouraged by recent declines in spot prices for certain commodities, including steel, these lower prices will not begin to benefit our cost of sales until the latter half of the (fiscal) fourth quarter," Dave....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.