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Worthington Industries, Inc Rallies.

Publication: M2 Presswire
Publication Date: 29-JUN-07 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-29 June 2007-HEADLINES: Worthington Industries, Inc Rallies(C)1994-2007 M2 COMMUNICATIONS LTD

RDATE:29062007

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Worthington Industries shares rallied as much as 7% Thursday 2007-06-28 after the metal processing firm laid out a $40 million cost-cutting plan and beat Wall Street's earnings target despite a dip in its business.

Worthington Industries said fourth-quarter net income fell to $38.2 million, or 45 cents a share, from $59.4 million, or 67 cents a share, in the year-ago period.

Analysts surveyed by Thomson Financial forecast earnings of 41 cents a share, on average.

Sales slipped to $786.6 million...

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