Stock Track | Worthington Plunges 9.4% Intraday on Q2 Earnings Miss and $205M LSI Acquisition

Stock Track
Dec 17

Worthington Enterprises (NYSE: WOR) saw its shares plummet 9.4% during Tuesday's trading session, marking one of the day's steepest declines.

The drop followed the company's fiscal Q2 results, where adjusted earnings of $0.65 per share missed analyst estimates of $0.70, despite a 19% year-over-year sales increase to $327.5M. Investors reacted negatively to the earnings shortfall, overshadowing the sales beat and news of Worthington's $205M acquisition of metal roofing components manufacturer LSI Group.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10