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UPDATE: Russel Metals Down More Than 1% As Posts Lower Q3 Profit; Shrs Hit Yr Highs Tuesday

Russel Metals Inc. (RUS.TO), which rose 1.5% and hit year highs Tuesday, has lost most of those gains already today as it announced third quarter 2012 earnings of $23 million or $0.37 per share on revenues of $713 million compared to earnings of $26 million or $0.43 per share in the third quarter of 2011. Analysts on average had expected earnings of 42 cents a share, according to Thomson Reuters I/B/E/S.

It declared a dividend in the amount of $0.35 per share on its common shares, payable on December 17, 2012 to shareholders of record at the close of business on November 26, 2012.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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