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Description
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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