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Last Update: 21-Mar-13 09:19 ET
Worthington Shoots Higher Following A Q3 Earnings Beat
Worthington (WOR $29.29) reported third quarter earnings of $0.52 per share, $0.04 better than the Capital IQ Consensus Estimate of $0.48; revenues rose 1.3% year/year to $619.5 mln vs the $658.41 mln consensus.
"The economy continues to show signs of non-linear improvement in many of the markets we serve," McConnell said. "We are very focused on the energy space which includes our oil and gas product lines, alternative fuels, and other opportunities we are pursuing that would deepen our capabilities in that market. The acquisition of Westerman has proven to be a very good one, opening us up to further growth possibilities. We anticipate a good quarter for our fiscal year-end and we see a favorable environment to continue our growth path on several fronts."
"The economy continues to show signs of non-linear improvement in many of the markets we serve," McConnell said. "We are very focused on the energy space which includes our oil and gas product lines, alternative fuels, and other opportunities we are pursuing that would deepen our capabilities in that market. The acquisition of Westerman has proven to be a very good one, opening us up to further growth possibilities. We anticipate a good quarter for our fiscal year-end and we see a favorable environment to continue our growth path on several fronts."
