UPDATE: Worthington Industries Posts Higher Q1 Profit

Worthington Industries

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.