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Reliance: Q1 Earnings Snapshot

PHOENIX (AP) — PHOENIX (AP) — Reliance, Inc. (RS) on Wednesday reported first-quarter net income of $264.9 million.

On a per-share basis, the Phoenix-based company said it had profit of $5.10. Earnings, adjusted for one-time gains and costs, came to $5.16 per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $4.63 per share.

The metals service-center company posted revenue of $4.03 billion in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $3.84 billion.

For the current quarter ending in June, Reliance expects its per-share earnings to range from $5.15 to $5.35.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RS at https://www.zacks.com/ap/RS

One Tech Tip: What to know about flying with lithium ion portable battery chargers

Jetting off soon for summer travels? If you're planning on bringing an extra battery charger for your phone or other devices, be aware of the latest rules when taking one on a flight. Rechargeable lithium-ion portable battery chargers, also known as power banks, come in protective enclosures of various shapes and sizes. They're a handy and popular way for getting more juice when you're on the move. But after a spate of smoke or fire incidents, U.S. and international aviation authorities have issued new guidelines and airlines have tightened up rules for passengers. Here's a guide on flying with power banks.
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