Reliance Inc.'s Earnings Lag Estimates in Q3, Revenues Beat

Reliance, Inc. (RS) posted profits of $199.2 million or$3.61 per share in the third quarter of 2024, down from $295 million or$4.99 per share in the year-ago quarter. Barring one-time items, RS recorded earnings of $3.64 per share, down from$5.00 a year ago. It lagged the Zacks Consensus Estimate of $3.69. Find the latest EPS estimates and surprises on Zacks Earnings Calendar. The company recorded net sales of$3,420.3 million, down around 6% year over year. The top line beat the Zacks Consensus Estimate ...