Markets
MLM

Martin Marietta Materials, Inc. Q2 adjusted earnings Miss Estimates

(RTTNews) - Martin Marietta Materials, Inc. (MLM) announced earnings for its second quarter that advanced from the same period last year.

The company's profit totaled $225.8 million, or $3.61 per share. This compares with $217.6 million, or $3.49 per share, in last year's second quarter.

Excluding items, Martin Marietta Materials, Inc. reported adjusted earnings of $324.4 million or $3.81 per share for the period.

Analysts had expected the company to earn $3.92 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 8.7% to $1.38 billion from $1.27 billion last year.

Martin Marietta Materials, Inc. earnings at a glance:

-Earnings (Q2): $324.4 Mln. vs. $306.4 Mln. last year. -EPS (Q2): $3.81 vs. $3.49 last year. -Analysts Estimate: $3.92 -Revenue (Q2): $1.38 Bln vs. $1.27 Bln last year.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

MLM

Latest Markets Videos

    RTTNews

    Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.

    Learn More