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Reliance: Q2 Earnings Snapshot
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PHOENIX (AP) — PHOENIX (AP) — Reliance, Inc. (RS) on Wednesday reported second-quarter net income of $322.9 million.

The Phoenix-based company said it had profit of $6.29 per share. Earnings, adjusted for one-time gains and costs, came to $6.27 per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $5.38 per share.

The metals service-center company posted revenue of $4.63 billion in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $4.17 billion.

For the current quarter ending in September, Reliance expects its per-share earnings to range from $6.40 to $6.60.

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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

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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