Reliance Steel Raised To Outperform
We are upgrading our recommendation on Reliance Steel & Aluminum Co. (NYSE:RS) to Outperform following its solid first-quarter 2012 results. Earnings of $1.54 per share topped the Zacks Consensus Estimate of $1.50. The company saw healthy double-digit growth in sales (up 20% year over year to $2,288.3 million), which beat the Zacks Consensus Estimate of [...]
We are upgrading our recommendation on Reliance Steel & Aluminum Co. (NYSE:RS) to Outperform following its solid first-quarter 2012 results. Earnings of $1.54 per share topped the Zacks Consensus Estimate of $1.50. The company saw healthy double-digit growth in sales (up 20% year over year to $2,288.3 million), which beat the Zacks Consensus Estimate of $2,139 million.
Reliance Steel said that its results were boosted by strength across a slew of industries including energy, aerospace, farm … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards