Worthington Industries up after Q2 profit beats estimates

Worthington Industries

16/12/2021 18:10

** Shares of steel processor and metal products maker
 WOR.N  rise as much as ~4% to $53 after co reports Q2 profit
from a year-ago loss and beats profit estimates
    ** Stock last up 1.8%, on course to snap a two-day losing
streak 
    ** Co reports Q2 net earnings of $110.3 mln, or $2.15 per
share, compared with net loss of $74.0 mln, or $1.40 per share,
a year earlier
    ** WOR posts Q2 EPS of $2.15 per share, above analysts' est.
of $1.72 per share, according to IBES data from Refinitiv
    ** Co says net sales rose 69% to $1.23 bln, compared to
731.1 mln, a year earlier  urn:newsml:reuters.com:*:nGNX1vl20
    ** CEO Andy Rose says co is optimistic to see continuous
healthy demand across key end markets 
    ** Co's board also declared quarterly dividend of 28 cents
per share payable on March 29, 2022 to shareholders of record on
March 15 2022  urn:newsml:reuters.com:*:nGNX6sMSbd
    ** Stock up 1.2% this year versus a near 25% rise in the S&P
Composite 1500 Index

 (Reporting by Ananya Mariam Rajesh in Bengaluru)
 ((AnanyaMariam.Rajesh@thomsonreuters.com;))