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Worthington: Fiscal 1Q Earnings Snapshot

September 26, 2018

COLUMBUS, Ohio (AP) _ Worthington Industries Inc. (WOR) on Wednesday reported fiscal first-quarter net income of $54.9 million.

On a per-share basis, the Columbus, Ohio-based company said it had profit of 91 cents. Earnings, adjusted for non-recurring costs, came to 92 cents per share.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.02 per share.

The metal manufacturer posted revenue of $988.1 million in the period, which also did not meet Street forecasts. Three analysts surveyed by Zacks expected $1.01 billion.

Worthington shares have increased 5 percent since the beginning of the year. The stock has declined 8.5 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WOR at https://www.zacks.com/ap/WOR

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