U.S. Markets closed

Vulcan: 1Q Earnings Snapshot

BIRMINGHAM, Ala. (AP) _ Vulcan Materials Co. (VMC) on Thursday reported first-quarter net income of $63.3 million.

On a per-share basis, the Birmingham, Alabama-based company said it had profit of 48 cents. Earnings, adjusted for non-recurring gains, were 46 cents per share.

The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 33 cents per share.

The construction materials company posted revenue of $996.5 million in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $910 million.

Vulcan expects full-year earnings to be $4.55 to $5.05 per share.

Vulcan shares have risen 25% since the beginning of the year, while the Standard & Poor's 500 index has risen 17%. The stock has increased 11% 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 VMC at https://www.zacks.com/ap/VMC