Reliance's (RS) Earnings Miss, Revenues Beat Estimates in Q2

Reliance, Inc. (RS) posted profits of $267.8 million or$4.67 per share in the second quarter of 2024, down from $385.1 million or$6.49 per share in the year-ago quarter.Barring one-time items, the company recorded earnings of $4.65 per share. It lagged the Zacks Consensus Estimate of$4.73.The company recorded net sales of $3,643.3 million, down around 6.1$3,603.9 million. Volumes and PricingReliance reported a 4.7% year-over-year increas ...