Reliance steel & aluminum co remains optimistic about business conditions in q4

. reports third quarter 2019 financial results.q3 earnings per share $2.40.q3 earnings per share estimate $1.95 -- refinitiv ibes data.sees q4 2019 non-gaap earnings per share $1.60 to $1.70.q3 sales $2.69 billion versus refinitiv ibes estimate of $2.67 billion.qtrly tons sold 1,476.6, down 2%.qtrly average selling price per ton sold $1,807, down 5.1%.shipments were higher than anticipated in q3 of 2019.reliance steel & aluminum - overall higher shipment levels were primarily due to increased demand in non-residential construction market in quarter.reliance steel & aluminum - demand in energy (oil and gas) market remains at low levels, which co expects to continue for remainder of fiscal 2019.remains optimistic about business conditions in q4 of 2019.expects that end demand in q4 of 2019 will remain relatively steady.estimates tons sold will be down 4% to 7% in q4 of 2019 versus q3 of 2019.expects average selling price per ton sold for q4 of 2019 declining 2% to 3% compared to q3 of 2019.q4 earnings per share view $1.57 -- refinitiv ibes data.
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