Worthington Steel shares plunge 10.5% on earnings miss
WS Worthington Steel Inc
$34.62 -2.64%
View chart & analysis → - 1Worthington Steel shares fell 10.5% as of 11 a.m. ET Wednesday following an earnings miss.
- 2Worthington's actual earnings per share of $0.57 fell below the pro forma estimate of $0.68.
- 3Worthington stated that excluding Klöckner, revenue would have grown 9% year-over-year, but operating profit would have decreased rather than increased.
So what's the key point?
Worthington Steel shares fell 10.5% as of 11 a.m. ET Wednesday after the company reported earnings that were lower than expected.
Source The Motley Fool +1 · View original ↗
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