Worthington Industries: Jumps as Q2 results beat estimates

Worthington Industries

17/12/2019 15:39

** Shares of industrial manufacturing company  WOR.N  jump
10.8% to $44.35; hit highest in over a year
    ** Excluding items, co reports Q2 profit of 60 cents/shr,
beating analysts' estimate of 58 cents/shr - Refinitiv IBES data
    ** Q2 sales of $827.6 mln also beat estimate  urn:newsml:reuters.com:*:nGNX6Y4P7G
    ** Delivered solid results for the quarter despite some
market softness and challenging conditions in steel pricing,
says CEO John McConnell
    ** McConnell says markets should remain steady but
anticipates continued weakness in Europe
    ** Including session's gain, stock has risen 27.5% YTD

 (Reporting by Arundhati Sarkar in Bengaluru)
 ((Arundhati.Sarkar@thomsonreuters.com; +1 646 223 8780 Ext:
1524; Reuters Messaging:
arundhati.sarkar.thomsonreuters.com@reuters.net))