Worthington Inc.(WOR) slips heavily following dismal results

Worthington Industries Inc.’s (NYSE: WOR) fiscal's earnings for quarter ended August have turned out to be a far cry from the record profit that Worthington Industries Inc. (WOR) enjoyed a year earlier. But the results were a breath of fresh air after a hefty loss in the prior quarter. The steel processor WOR told investors after the markets closed Tuesday that it earned $6.7 million in quarter ended Aug. 31, down 90 percent from $68.6 million, from a year earlier. Traders have given a thumbs down to the results, and has slipped by 12% in early trades. WOR may find next support around $11-$12.