UPDATE: Worthington Posts Upbeat Q4 Profit

Worthington Industries

reported a rise in its fourth-quarter profit. Worthington's quarterly profit surged to $52.1 million, or $0.75 share, versus $51.9 million, or $0.70 per share, in the year-earlier period. Its sales gained 12% to $755.4 million from $675.7 million. Average shares outstanding declined to 69.5 million versus 74.4 million. Analysts were expecting earnings of $0.54 per share on sales of $683.3 million. Worthington shares gained 5.84% to $18.66 in pre-market trading.