Analyst cuts Reliance earnings outlook

Dec 08, 2008 | 01:10 PM | Frank Haflich

An uncertain near-term profit picture has prompted a securities analyst to lower his earnings outlook for Reliance Steel & Aluminum Co.

Mark Parr, managing director of KeyBanc Capital Markets Inc., Cleveland, has slashed his fourth-quarter earnings projection for the Los Angeles-based service center chain to 64 cents per share from $1.23 per share.....

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