Update: Worthington Steel Q2 Adjusted Earnings Increase But Sales Decline; Shares Fall Premarket-March 2024-www.financetom.com

Update: Worthington Steel Q2 Adjusted Earnings Increase But Sales Decline; Shares Fall Premarket

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Update: Worthington Steel Q2 Adjusted Earnings Increase But Sales Decline; Shares Fall Premarket

Dec 19, 2024 1:40 AM

04:26 AM EST, 12/19/2024 (MT Newswires) -- (Updates with the stock move in the headline and the last paragraph.)

Worthington Steel ( WS ) reported Q2 adjusted earnings late Wednesday of $0.19 per diluted share, up from $0.11 a year earlier.

Net sales for the quarter ended Nov. 30 were $739 million, down from $808 million a year earlier.

One analyst expected $740.4 million in a FactSet survey.

Shares of the company slumped more than 12% in premarket activity on Thursday.

Price: 33.30, Change: -4.62, Percent Change: -12.18

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