SCOTTSDALE, Ariz. (AP) — SCOTTSDALE, Ariz. (AP) — Reliance, Inc. (RS) on Thursday reported third-quarter profit of $199.2 million.
The Scottsdale, Arizona-based company said it had net income of $3.61 per share. Earnings, adjusted for non-recurring costs, came to $3.64 per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $3.69 per share.
The metals service-center company posted revenue of $3.42 billion in the period.
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