Worthington Steel (NYSE:WS) Posts Quarterly Earnings Results, Beats Expectations By $0.06 EPS

Worthington Steel (NYSE:WS) released its earnings results on Wednesday. The company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.06, Briefing.com reports. The firm had revenue of $834.00 million for the quarter, compared to analyst estimates of $748.40 million. Worthington Steel’s revenue was down 7.9% compared to the same quarter last year.

Worthington Steel Price Performance

Shares of NYSE:WS opened at $35.94 on Thursday. Worthington Steel has a 1-year low of $21.00 and a 1-year high of $41.01. The business’s 50 day moving average is $34.59 and its 200-day moving average is $33.43.

Worthington Steel Company Profile

Worthington Steel, Inc operates as a steel processor in North America. It offers carbon flat-rolled steel and tailor welded blanks, as well as electrical steel laminations; and aluminum tailor welded blanks. The company serves various end-markets, including automotive, heavy truck, agriculture, construction, and energy.