12:34 PM EDT, 03/21/2024 (MT Newswires) -- (Updates with stock price movement in the headline and first paragraph)

Steelcase ( SCS ) shares were down 10% in recent trading on Thursday, a day after the company posted Q4 revenues below consensus.

The company reported fiscal Q4 adjusted earnings late Wednesday of $0.23 a share, up from $0.19 a year earlier.

Four analysts surveyed by Capital IQ expected $0.21.

Revenue in the quarter ended Feb. 23 fell to $775.2 million from $801.7 million a year earlier.

Four analysts surveyed by Capital IQ expected $780.3 million.

Price: 11.76, Change: -1.29, Percent Change: -9.89