11:57 AM EDT, 03/21/2024 (MT Newswires) -- (Updates with the latest stock price movement in the headline and first paragraph.)

Worthington Industries (WOR) shares were up 8.4% in recent Thursday trading after the company posted better-than-expected fiscal Q3 adjusted earnings.

The company reported fiscal Q3 adjusted earnings from continuing operations late Wednesday of $0.80 per diluted share, down from $0.81 a year earlier.

Three analysts polled by Capital IQ projected $0.69 per share.

Sales for the quarter ended Feb. 29 were $316.8 million, down from $346.3 million a year earlier.

Three analysts surveyed by Capital IQ projected $323.4 million.

Heading into fiscal Q4, the company is "operating well," though there are challenges, Chief Executive Andy Rose said.

Price: 69.03, Change: +5.33, Percent Change: +8.37