Martin Marietta: 3Q Earnings Snapshot
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.