Reliance, Inc. (RS) reported a profit for third quarter that Decreased from the same period last year and missed the Street estimates.
The company's earnings totaled $189.5 million, or $3.59 per share. This compares with $199.2 million, or $3.61 per share, last year.
Excluding items, Reliance, Inc. reported adjusted earnings of $192.3 million or $3.64 per share for the period.
Analysts on average had expected the company to earn $3.73 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 6.8% to $3.651 billion from $3.420 billion last year.
Reliance, Inc. earnings at a glance (GAAP) :
-Earnings: $189.5 Mln. vs. $199.2 Mln. last year.-EPS: $3.59 vs. $3.61 last year.-Revenue: $3.651 Bln vs. $3.420 Bln last year.
-Guidance:Next quarter EPS guidance: $2.65 to $2.85
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