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Reliance Steel & Aluminum Reports 3% Retreat In Q4 Profit

Reliance Steel & Aluminum (RS) revealed earnings for fourth quarter that dropped compared to the same period last year.

The company said its earnings declined to $61.7 million, or $0.84 per share. This was lower than $63.3 million, or $0.87 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.74 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 1.5% to $2.06 billion. This was up from $2.03 billion last year.

Reliance Steel & Aluminum earnings at a glance:

-Earnings (Q4): $61.7 Mln. vs. $63.3 Mln. last year.
-Earnings Decline (Y-o-Y): -2.5%
-EPS (Q4): $0.84 vs. $0.87 last year.
-EPS Decline (Y-o-Y): -3.4%
-Analysts Estimate: $0.74
-Revenue (Q4): $2.06 Bln vs. $2.03 Bln last year.
-Revenue Change (Y-o-Y): 1.5%

-Guidance:
Next quarter EPS guidance: $1.25 - $1.35

by RTT Staff Writer

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