Reliance Q4 Results Miss Estimates

RTTNews | 308 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 | 581 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 | 672 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 | 1036 dias atrás
U.S. Economic Shrinks Slightly Less Than Previously Estimated In Q1

U.S. Economic Shrinks Slightly Less Than Previously Estimated In Q1

A report released by the Commerce Department on Thursday showed the U.S. economy shrank by slightly less than previously estimated in the first quarter of 2025. The Commerce Department said real gross domestic product edged down by a revised 0.2 percent in the first quarter compared to the previously reported 0.3 percent dip. Economists had expected the modest decrease to be unrevised.
RTTNews | 3 h 19 min atrás
U.S. Weekly Jobless Claims Climb More Than Expected To 240,000

U.S. Weekly Jobless Claims Climb More Than Expected To 240,000

First-time claims for U.S. unemployment benefits rose by more than expected in the week ended May 24th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims climbed to 240,000, an increase of 14,000 from the previous week's revised level of 226,000. Economists had expected jobless claims to inch up to 230,000.
RTTNews | 3 h 22 min atrás
Hormel Foods Recalls 256K Pounds Of Canned Beef Stew Product

Hormel Foods Recalls 256K Pounds Of Canned Beef Stew Product

Hormel Foods Corp. is recalling around 256,185 pounds of canned beef stew product that may be contaminated with foreign material, specifically wood, according to the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS. The Tucker, Georgia-based branded food major's recall involves 20-oz. metal cans containing "Dinty Moore BEEF STEW" with "BEST BY FEB 2028".
RTTNews | 3 h 56 min atrás
UK Vehicle Manufacturing Logs Weakest Start To Year Since 2009: SMMT

UK Vehicle Manufacturing Logs Weakest Start To Year Since 2009: SMMT

UK automotive manufacturing registered its weakest start to a year since 2009, the Society of Motor Manufacturers & Traders, or SMMT, said Thursday. Car and commercial vehicle production decreased 15.8 percent on a yearly basis to 59,203 units in April. Auto production fell to the lowest level for the month since 1952, excluding 2020 when the first Covid lockdown effectively saw manufacturing c
RTTNews | 4 h 24 min atrás
Bay Street Looks Set To Start On Firm Note

Bay Street Looks Set To Start On Firm Note

Canadian shares look headed for a firm start on Thursday, with encouraging earnings by Royal Bank of Canada and Canadian Imperial Bank of Commerce, and a U.S. court ruling against U.S. President Donald Trump's sweeping tariff moves set to lift sentiment.
RTTNews | 4 h 38 min atrás