Reliance beats Q2 earnings and revenue estimates

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Summary · why it matters

Reliance posted quarterly earnings of $6.27 per share, beating the Zacks Consensus Estimate of $5.38 per share by 16.54%. Revenue came in at $4.63 billion, surpassing the consensus estimate by 10.93% and up from $3.66 billion a year ago. The company has topped consensus revenue estimates in all of the last four quarters. Shares have gained about 32.7% year-to-date, outperforming the S&P 500's 9.7% advance.

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