Worthington shares surge 18.8% after quarterly results beat analyst estimates

  • Worthington Enterprises reported first-quarter results above analyst expectations.
  • Worthington shares surged 18.8% to $70.00 in after-hours trading.
  • KB Home beat third-quarter estimates but its shares fell 1.8% after hours.

U.S. stock futures were higher Wednesday morning as investors focused on upcoming earnings from General Mills, Cintas and Paychex, alongside after-hours reactions to results from Worthington Enterprises and KB Home. Worthington reported first-quarter earnings of 82 cents per share and sales of $343.886 million, exceeding consensus estimates of 75 cents and $331.267 million, respectively. Its shares surged 18.8% to $70.00 after hours. KB Home also beat estimates, posting third-quarter revenue of $1.297 billion and earnings of $1.05 per share, but its shares slipped 1.8% to $47.70. General Mills was expected to report 72 cents per share on $4.35 million in revenue, while analysts forecast Cintas earnings of $1.35 per share on $2.98 billion in revenue and Paychex earnings of $1.32 per share on $1.63 billion in revenue. General Mills, Cintas and Paychex were scheduled to release results before the market opened.

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