Martin Marietta: 2Q Earnings Snapshot
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.