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

Stock Track

12/17

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.

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