CLSA Downgrades Reliance Steel & Aluminum (RS) to Underperform

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Reliance Steel (RS) Tops Q1 EPS by 15c

April 21, 2016 8:43 AM EDT

Reliance Steel (NYSE: RS) reported Q1 EPS of $1.03, $0.15 better than the analyst estimate of $0.88. Revenue for the quarter came in at $2.16 billion versus the consensus estimate of $2.2 billion.

GUIDANCE:

Reliance Steel sees Q2 2016 EPS of $1.15-$1.25, versus the consensus of... More