RALEIGH, N.C. (AP) — RALEIGH, N.C. (AP) — Martin Marietta Materials Inc. (MLM) on Wednesday reported fourth-quarter profit of $279 million.
The Raleigh, North Carolina-based company said it had profit of $4.62 per share. Earnings, adjusted to account for discontinued operations, were $3.85 per share.
The results fell short of Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $4.68 per share.
The seller of granite, limestone, sand and gravel posted revenue of $1.53 billion in the period, also missing Street forecasts. Five analysts surveyed by Zacks expected $1.55 billion.
For the year, the company reported profit of $1.14 billion, or $18.77 per share. Revenue was reported as $6.15 billion.
Martin Marietta expects full-year revenue in the range of $6.42 billion to $6.78 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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