Reliance Steel & Aluminum rises on Q1 profit beat

Reliance

27/04/2023 20:28

** Shares of metal solutions provider Reliance Steel & Aluminum Co  RS.N  rise 6.3% to
$255.45
    ** Co reports Q1 adj net income of $6.37 per share, above analysts' est of $5.76 per share -
Refinitiv
    ** Net sales in the quarter saw a sequential increase of 9.8% to $3.97 bln
    ** Sees Q2 adj net income per share in the range of $6.40 to $6.60
    ** Shares up ~26% YTD

 (Reporting by Yamini Kalia in Bengaluru)
 ((Yamini.Kalia@thomsonreuters.com))