Reliance Q4 Results Miss Estimates

RTTNews | 302 gün önce
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

Etiketler: 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 | 574 gün önce
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 | 665 gün önce
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 | 1030 gün önce
European Shares Seen Flat To Higher At Open

European Shares Seen Flat To Higher At Open

European stocks may open flat to slightly higher on Friday as U.S. President Donald Trump's "big, beautiful" tax bill heads to the Senate for debate and review.
RTTNews | 2s 22 dakika önce
European Economic News Preview: UK Retail Sales Data Due

European Economic News Preview: UK Retail Sales Data Due

Retail sales from the UK and detailed quarterly national accounts from Germany are the top economic news due on Friday. At 2.00 am ET, the Office for National Statistics releases UK retail sales for April. Economists forecast retail sales to grow 0.3 percent on a monthly basis, after rising 0.4 percent in March.
RTTNews | 3s 7 dakika önce
Sensex, Nifty Rebound As US Bond Yields Ease

Sensex, Nifty Rebound As US Bond Yields Ease

Indian shares traded higher on Friday as U.S. Treasury yields eased from recent highs on improved economic data and comments from a Federal Reserve official that he still sees a path to interest rate cuts later this year.
RTTNews | 3s 44 dakika önce
Australian Market Extends Early Gains In Mid-market

Australian Market Extends Early Gains In Mid-market

The Australian stock market is extending its early gains in mid-market moves on Friday, reversing some of the losses in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving to near the 8,400 level, with gains is financial and technology stocks partially offset by weakness in mining and energy stocks.
RTTNews | 4s 32 dakika önce
Asian Markets Trade Mixed

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Friday, following the mixed cues from Wall Street overnight, as US Treasury yields eased on improved US data and comments from a US Fed official that he still sees a path to interest rate cuts later this year. Concerns about the fiscal impact of the US Republican tax cut bill is weighing on the markets. Asian markets ended mostly lower on Thursday.
RTTNews | 4s 54 dakika önce