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Martin Marietta: 1Q Earnings Snapshot

RALEIGH, N.C. (AP) _ Martin Marietta Materials Inc. (MLM) on Tuesday reported first-quarter profit of $42.9 million.

On a per-share basis, the Raleigh, North Carolina-based company said it had profit of 68 cents.

The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 29 cents per share.

The seller of granite, limestone, sand and gravel posted revenue of $939 million in the period. Its adjusted revenue was $878.3 million, which also beat Street forecasts. Six analysts surveyed by Zacks expected $851.9 million.

Martin Marietta expects full-year revenue of $4.23 billion.

Martin Marietta shares have risen 25% since the beginning of the year. The stock has risen slightly more than 9% in the last 12 months.


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