Reliance Q4 Results Miss Estimates

RTTNews | 307 dias atrás
Reliance Q4 Results Miss Estimates

(RTTNews) - While reporting financial results for the second quarter on Thursday, metals service center company Reliance, Inc. (RS) said it expects adjusted earnings for the third quarter in a range of $3.60 to $3.80 per share, as the company expects its average selling price per ton sold for the quarter to be down 2 to 4 percent.

On average, six analysts polled by Thomson Reuters expect the company to report earnings of $18.61 per share for the quarter. Analysts' estimates usually exclude special items.

For the second quarter, net income attributable to the company declined about 28 percent to $267.8 million or $4.67 per share from $385.1 million or $6.49 per share in the prior-year quarter.

Excluding items, adjusted earnings for the quarter was $4.65 per share, compared to $6.49 per share in the year-ago quarter.

Net sales for the quarter declined 6.1 percent to $3.64 billion from $3.88 billion in the same quarter last year.

The Street was looking for earnings of $4.73 per share on revenues of $3.65 billion for the quarter.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Etiquetas: RS
read more
Reliance Steel Q3 Results Meet Estimates; Guides Q4 Adj EPS Well Below Estimates

Reliance Steel Q3 Results Meet Estimates; Guides Q4 Adj EPS Well Below Estimates

While reporting financial results for the third quarter on Thursday, metals service center company Reliance Steel & Aluminum Co. (RS) said it expects adjusted earnings for the fourth quarter in a range of $3.70 to $3.90 per share, as the company expects its average selling price per ton sold for the quarter to be down 4 to 6 percent.
RTTNews | 580 dias atrás
Reliance Steel Q2 Results Miss Estimates; Guides Q3 Adj EPS In Line With View

Reliance Steel Q2 Results Miss Estimates; Guides Q3 Adj EPS In Line With View

While reporting financial results for the second quarter on Thursday, metals service center company Reliance Steel & Aluminum Co. (RS) said it expects adjusted earnings for the third quarter in a range of $4.90 to $5.10 per share, as the company expects its average selling price per ton sold for the quarter to be down 2 to 5 percent.
RTTNews | 671 dias atrás
Reliance Steel Q2 Results Top Estimates; Guides Q3 Adj EPS Below View

Reliance Steel Q2 Results Top Estimates; Guides Q3 Adj EPS Below View

While reporting financial results for the second quarter on Thursday, metals service center company Reliance Steel & Aluminum Co. (RS) said it expects adjusted earnings for the third quarter in a range of $6.00 to $6.20 per share, as the company expects its average selling price per ton sold for quarter to be up 5 to 7 percent.
RTTNews | 1035 dias atrás
Australian Market Slightly Trims Early Gains In Mid-market

Australian Market Slightly Trims Early Gains In Mid-market

The Australian market is slightly trimming its early gains in mid-market moves on Thursday, reversing the slight losses in the previous session, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,400 level, with gains in energy and technology stocks partially offset by a mixed performance in mining and financial stocks.
RTTNews | 6 minutos atrás
Asian Markets Mostly Higher

Asian Markets Mostly Higher

Asian stock markets are trading mostly higher on Thursday, despite the broadly negative cues from Wall Street overnight, after a U.S. federal court blocked US President Donald Trump's attempt to impose sweeping reciprocal tariffs against its global trading partners under emergency powers, saying he exceeded his authority. Asian markets closed mostly lower on Wednesday.
RTTNews | 27 minutos atrás
Sensex, Nifty Seen Higher As US Court Blocks Trump's Tariffs

Sensex, Nifty Seen Higher As US Court Blocks Trump's Tariffs

Indian shares look set to open higher on Thursday as investors react to encouraging industrial output data, upbeat Nvidia earnings and a U.S. court ruling blocking President Trump's "Liberation Day" tariffs, citing overreach of power.
RTTNews | 1 h 2 min atrás
Japanese Market Sharply Higher

Japanese Market Sharply Higher

The Japanese market is trading sharply higher on Thursday, extending the gains in the previous four sessions, despite the broadly negative cues from Wall Street overnight. The Nikkei 225 is moving above the 38,300 level, with gains across most sectors led by index heavyweights, exporters and technology stocks.
RTTNews | 1 h 55 min atrás
Thai Shares May Take Further Damage On Thursday

Thai Shares May Take Further Damage On Thursday

The Thai stock market has tracked lower in two straight sessions, slipping almost 20 points or 1.5 percent along the way. The Stock Exchange of Thailand now rests just above the 1,160-point plateau and it's expected to open to the downside again on Thursday.
RTTNews | 1 h 58 min atrás