Worthington Industries Q3 EPS $0.80 Beats $0.75 Estimate, Sales $316.75M Miss $326.97M Estimate
Portfolio Pulse from dijoy@benzinga.com
Worthington Industries (WOR) reported Q3 earnings of $0.80 per share, surpassing the $0.75 estimate, but saw a 23.08% decrease from last year's $1.04. Sales of $316.75M fell short of the $326.97M estimate and dropped 71.28% from last year's $1.10B.
March 20, 2024 | 8:54 pm
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Worthington Industries reported higher than expected Q3 earnings per share but missed sales estimates and saw significant decreases in both earnings and sales compared to last year.
While beating EPS estimates typically has a positive impact on stock price, the significant year-over-year declines in both earnings and sales could temper investor enthusiasm. The mixed results present a neutral short-term outlook for WOR's stock price.
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