Worthington: Fiscal 1Q Earnings Snapshot
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.