Worthington: Fiscal 2Q Earnings Snapshot
COLUMBUS, Ohio (AP) _ Worthington Industries Inc. (WOR) on Tuesday reported fiscal second-quarter profit of $34 million.
The Columbus, Ohio-based company said it had profit of 57 cents per share. Earnings, adjusted for restructuring costs, were 58 cents per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 73 cents per share.
The metal manufacturer posted revenue of $958.2 million in the period, which also did not meet Street forecasts. Three analysts surveyed by Zacks expected $982 million.
Worthington shares have fallen 17 percent since the beginning of the year. The stock has declined 13 percent in the last 12 months.