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Martin Marietta: 2Q Earnings Snapshot

July 30, 2019

RALEIGH, N.C. (AP) _ Martin Marietta Materials Inc. (MLM) on Tuesday reported second-quarter profit of $189.5 million.

The Raleigh, North Carolina-based company said it had net income of $3.01 per share.

The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $3.08 per share.

The seller of granite, limestone, sand and gravel posted revenue of $1.28 billion in the period. Its adjusted revenue was $1.2 billion, which met Street forecasts.

Martin Marietta expects full-year revenue in the range of $4.3 million to $4.4 million.

Martin Marietta shares have risen 30% since the beginning of the year. The stock has risen roughly 9% in the last 12 months.

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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

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