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RALEIGH, N.C. (AP) — RALEIGH, N.C. (AP) — Martin Marietta Materials Inc. (MLM) on Wednesday reported fourth-quarter net income of $282.5 million.
On a per-share basis, the Raleigh, North Carolina-based company said it had profit of $4.55. Earnings, adjusted to account for discontinued operations, came to $4.63 per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $3.96 per share.
The seller of granite, limestone, sand and gravel posted revenue of $1.61 billion in the period, missing Street forecasts. Seven analysts surveyed by Zacks expected $1.64 billion.
For the year, the company reported profit of $1.17 billion, or $18.82 per share. Revenue was reported as $6.78 billion.
Martin Marietta expects full-year revenue in the range of $6.75 billion to $7.19 billion.
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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 MLM at https://www.zacks.com/ap/MLM