SCOTTSDALE, Ariz. (AP) — SCOTTSDALE, Ariz. (AP) — Reliance, Inc. (RS) on Wednesday reported third-quarter profit of $189.5 million.
The Scottsdale, Arizona-based company said it had net income of $3.59 per share. Earnings, adjusted for one-time gains and costs, came to $3.64 per share.
The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $3.68 per share.
The metals service-center company posted revenue of $3.65 billion in the period, which beat Street forecasts. Three analysts surveyed by Zacks expected $3.53 billion.
Reliance expects full-year earnings in the range of $2.65 to $2.85 per share.
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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
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