Reliance Steel Tops Estimates
Reliance Steel & Aluminum Co.’s (NYSE:RS) first-quarter 2012 earnings of $1.54 a share beat the Zacks Consensus Estimate of $1.50 and surpassed the year-ago earnings of $1.23. Profit (attributable to the company) shot up 26% year over year to $116.2 million on the heels of a healthy double-digit growth in the top line. Revenue Revenues [...]
Reliance Steel & Aluminum Co.’s (NYSE:RS) first-quarter 2012 earnings of $1.54 a share beat the Zacks Consensus Estimate of $1.50 and surpassed the year-ago earnings of $1.23. Profit (attributable to the company) shot up 26% year over year to $116.2 million on the heels of a healthy double-digit growth in the top line.
Revenue
Revenues cruised 20% year over year to $2,288.3 million, also exceeding the Zacks Consensus Estimate of $2,139 million. The company noted that its results were boosted … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards