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Reliance Steel & Aluminum (RS) Is Falling After Q2 Forecast Slashed

Reliance Steel & Aluminum (RS) announced after the close Monday that it now expects to report second quarter EPS of $1.30 to $1.40. Prior guidance had been for EPS of $1.50 to $1.60. The sock is now down 4.81 on 6K shares.

Reliance Steel & Aluminum gapped open higher Monday, but pared its gains in the second half of the morning. Shares finished up by 0.07 at $72.51.

by RTTNews Staff Writer

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