Reliance: Reliance: Q1 Earnings Snapshot

SCOTTSDALE, Ariz. (AP) - SCOTTSDALE, Ariz. (AP) - Reliance, Inc. (RS) on Wednesday reported first-quarter profit of $199.7 million . The Scottsdale, Arizona -based company said it had net income of $3.74 per share. Earnings, adjusted for one-time gains and costs, came to $3.77 per share. The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $3.66 per share. The metals service-center company posted revenue of $3.48 billion in the period. For the current quarter ending in June, Reliance expects its per-share earnings to range from $4.50 to $4.70 . _____ This story was generated by Automated Insights ( http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RS at https://www.zacks.com/ap/RS For copyright information, check with the distributor of this item, STATS Perform dba Automated Insights. , source Associated Press News SCOTTSDALE, Ariz. (AP) - SCOTTSDALE, Ariz. (AP) - Reliance, Inc. (RS) on Wednesday reported first-quarter profit of $199.7 million . The Scottsdale, Arizona -based company said it had net income of $3.74 per share. Earnings, adjusted for one-time gains and costs, came to $3.77 per share. The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $3.66 per share. The metals service-center company posted revenue of $3.48 billion in the period. For the current quarter ending in June, Reliance expects its per-share earnings to range from $4.50 to $4.70 . _____ This story was generated by Automated Insights ( http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RS at https://www.zacks.com/ap/RS For copyright information, check with the distributor of this item, STATS Perform dba Automated Insights. , source Associated Press News