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Worthington Industries Inc. (WOR) Is Up Sharply After Q1 Report

Worthington Industries Inc. (WOR) reported first quarter EPS of $0.48 after the close Wednesday, down from $0.63 in the prior year period. Revenues were $758.1 million, down 12% from $862.4 million last year.

Worthington Industries has been rising steadily since the open of trade Thursday and is now up 2.96 at $24.84 on above average volume. The stock rebounded from the lows of the year, following a 1-week decline.

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Inflation data from the U.S. garnered maximum attention this week on the economics front, along with the interest rate decision by the European Central Bank. Read our stories to find out how these two key events are set to influence monetary policy in the months ahead. Other main news from the U.S. were the release of the minutes of the latest Fed policy session and the jobless claims data. Elsewhere, the interest rate decision by the Bank of Canada was also in focus.

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