RALEIGH, N.C. (AP) — RALEIGH, N.C. (AP) — Martin Marietta Materials Inc. (MLM) on Thursday reported second-quarter profit of $294 million.
On a per-share basis, the Raleigh, North Carolina-based company said it had net income of $4.76. Earnings, adjusted for costs related to mergers and acquisitions, were $5.26 per share.
The results fell short of Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $5.57 per share.
The seller of granite, limestone, sand and gravel posted revenue of $1.76 billion in the period, which also fell short of Street forecasts. Seven analysts surveyed by Zacks expected $1.81 billion.
Martin Marietta expects full-year revenue in the range of $6.5 billion to $6.94 billion.
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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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