Why Worthington Steel Melted Down on Wednesday
Worthington Steel (NYSE:WS) stock tumbled 10.5% through 11 a.m. ET Wednesday after missing on earnings last night. Heading into earnings, analysts forecast Worthington to earn $0.68 per share (pro forma) on $2.7 billion in quarterly sales. In fact, Worthington earned only $0.57 per share -- and burned cash. Image source: Getty Images. Continue reading