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Worthington misses 3Q profit forecasts

COLUMBUS, Ohio (AP) _ Worthington Industries Inc. (WOR) on Wednesday reported fiscal third-quarter net income of $35.9 million.

On a per-share basis, the Columbus, Ohio-based company said it had profit of 55 cents.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 67 cents per share.

The metal manufacturer posted revenue of $703.4 million in the period.

Worthington shares have increased roughly 7 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $50.63, a climb of 40 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WOR at https://www.zacks.com/ap/WOR


Keywords: Worthington Industries, Earnings Report