Latest News by Industry
RALEIGH, N.C. (AP) — RALEIGH, N.C. (AP) — Martin Marietta Materials Inc. (MLM) on Tuesday reported first-quarter profit of $1.05 billion.
The Raleigh, North Carolina-based company said it had net income of $16.87 per share. Earnings, adjusted for non-recurring gains, were $1.93 per share.
The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.88 per share.
The seller of granite, limestone, sand and gravel posted revenue of $1.25 billion in the period, missing Street forecasts. Eight analysts surveyed by Zacks expected $1.3 billion.
Martin Marietta expects full-year revenue in the range of $6.9 billion to $7.3 billion.
_____
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