Recap: Worthington Enterprises Q3 Earnings
Portfolio Pulse from Benzinga Insights
Worthington Enterprises (NYSE:WOR) reported Q3 earnings with an EPS of $0.8, beating estimates by 7%, but saw a revenue decline to $786.25 million from the previous year. Despite beating EPS estimates in past quarters, such outperformance has previously led to a short-term drop in share price.
March 20, 2024 | 8:55 pm
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Worthington Enterprises reported a Q3 EPS of $0.8, surpassing estimates by 7%, but experienced a revenue decline from the previous year.
While beating EPS estimates typically bodes well for a company's stock, Worthington Enterprises' history shows that past earnings beats were followed by short-term share price declines. Additionally, the significant revenue drop could concern investors, potentially offsetting the positive EPS beat.
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