BUZZ - Worthington Steel shares fall as quarterly profits miss expectations
路透社2026/10/07 14:16October 7 - Worthington Steel (WS.N) shares fell 8.8%, closing at $24.93. WS reported (link) adjusted earnings per share of $0.57 for the first quarter, below analysts’ expectations of $0.68, according to data compiled by LSEG. The company reported quarterly revenue of $953.9 million, exceeding analysts’ estimates of $885.9 million, mainly due to the acquisition of Kloeckner. The company stated that the sale of Kloeckner Disposal Group is expected to be completed within one year after the acquisition. Of the two brokerages covering the stock, one rates it “Buy” and the other “Hold”; the median price target is $46. Including the day’s movement, WS shares are up 1.4% year-to-date. (For the convenience of non-English speakers, Reuters automatically translates its reports into several other languages. Automated translations may contain errors or fail to capture the intended context; Reuters does not guarantee their accuracy and provides them purely for reader convenience. Reuters assumes no liability for any loss or damage arising from the use of these automated translation features.)
October 7 - ** Shares of US metals processing company Worthington Steel (WS.N) fell 8.8%, closing at $24.93
** WS reported (link) first-quarter adjusted earnings per share of 57 cents, below analysts’ expectations of 68 cents—data compiled by LSEG
** The company reported quarterly revenue of $953.9 million, exceeding analysts’ expectations of $885.9 million, mainly due to the acquisition of Kloeckner
** The company stated that the sale of Kloeckner Disposal Group is expected to be completed within one year after the acquisition
** Among the two brokerages covering the stock, one assigned a “Buy” rating and one a “Hold” rating; the median price target is $46
** Including the latest day’s price change, WS is up 1.4% year-to-date
(To facilitate non-native English speakers, Reuters automatically translates its reports into several other languages. As automated translations may contain errors or lack the necessary context, Reuters does not guarantee the accuracy of automated translation texts, and provides them for readers’ convenience only. Reuters accepts no responsibility for any damage or loss caused by the use of the automated translation function.)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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