NYSE:RSMetals and Mining
Assessing Reliance (RS) Valuation Following Q3 Revenue Beat and Profit Dip in Construction Markets
Reliance (NYSE:RS) has just released its third-quarter results, with profits slipping a bit compared to last year, but revenues coming in above expectations. Strength in non-residential construction and manufacturing bolstered demand this quarter.
See our latest analysis for Reliance.
After slipping earlier in the year, Reliance’s share price has regained some ground lately, ending at $275.14 and notching a 3.07% bump after results landed. Even so, the 1-year total shareholder return remains...