Investing.com - Reliance Steel&Aluminum reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Reliance Steel&Aluminum announced earnings per share of $6.48 on revenue of $4.25. Analysts polled by Investing.com anticipated EPS of $6.18 on revenue of $4.15B.
Reliance Steel&Aluminum shares are down 4% from the beginning of the year, still down 8.28% from its 52 week high of $211.65 set on May 4.
Reliance Steel&Aluminum follows other major Materials sector earnings this month
Reliance Steel&Aluminum's report follows an earnings beat by Sherwin-Williams on Tuesday, who reported EPS of $2.83 on revenue of $6.05B, compared to forecasts EPS of $2.59 on revenue of $5.81B.
Freeport-McMoran had missed expectations on October 20 with third quarter EPS of $0.26 on revenue of $5B, compared to forecast for EPS of $0.3167 on revenue of $5.37B.
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