Martin Marietta: 3Q Earnings Snapshot

November 6, 2018

RALEIGH, N.C. (AP) _ Martin Marietta Materials Inc. (MLM) on Tuesday reported third-quarter earnings of $180.2 million.

The Raleigh, North Carolina-based company said it had profit of $2.85 per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.64 per share.

The seller of granite, limestone, sand and gravel posted revenue of $1.22 billion in the period. Its adjusted revenue was $1.14 billion, also topping Street forecasts. Four analysts surveyed by Zacks expected $1.12 billion.

Martin Marietta expects full-year revenue in the range of $3.86 billion to $3.99 billion.

Martin Marietta shares have fallen 21 percent since the beginning of the year. The stock has decreased 17 percent in the last 12 months.


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

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