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UPDATE: Worthington Industries Posts Higher Q1 Profit

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UPDATE: Topeka Capital Upgrades Worthington Industries, Inc.

Worthington Industries (NYSE: WOR) reported a rise in its first-quarter profit.

Worthington Industries' quarterly net profit surged to $34 million, or $0.49 per share, versus $25.7 million, or $0.35 per share, in the year-ago period.

Its revenue climbed 11% to $666 million. However, analysts were expecting a profit of $0.47 per share on revenue of $660.2 million.

Worthington Industries shares dropped 2.90% to $21.76 in after-hours trading.

Posted-In: profitEarnings News

 

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