shares of steelcase fell 385 in afterhours trading as the furniture makers profit outlook for first quarter was weaker than expected amid supplychain issues inflation and other pressures the michiganbased furniture company expects a loss of 15 cents to 20 cents a share for the current quarter which compares to a loss of 24 cents last year analysts polled by factset expect a loss of 5 cents a share the company is projecting operating expenses between 195 million to 200 million in the quarter steelcase expects firstquarter sales of 680 million to 705 million that compares with 5566 million in the first quarter of 2021 analysts predict sales of 6976 million the company is targeting organic revenue growth of 15 to 20 percent for the fiscal year 2023 based on higher demand driven by increased return to office and consumer investments in hybrid work and fewer supply chain disruptions in the next year along with other considerations for the year the company said it expects earnings per share to range from 50 cents to 70 cents analysts expect 63 cents shares of steelcase closed wednesday at 1195 down 17 the stock is up nearly 2 so far this year