Reliance: Q3 Earnings Snapshot

PHOENIX (AP) — PHOENIX (AP) — Reliance, Inc. (RS) on Wednesday reported third-quarter profit of $402.9 million.

On a per-share basis, the Phoenix-based company said it had profit of $7.84. Earnings, adjusted for one-time gains and costs, came to $8.02 per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $6.76 per share.

The metals service-center company posted revenue of $5.21 billion in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $4.68 billion.

For the current quarter ending in December, Reliance expects its per-share earnings to range from $7.40 to $7.60.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RS at https://www.zacks.com/ap/RS