UPDATE: Worthington Industries Posts Higher Q1 Profit
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.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.