Martin Marietta Materials, Inc. Profit Falls In Q2, Misses Estimates

(RTTNews) - Martin Marietta Materials, Inc. (MLM) revealed earnings for second quarter that decreased from last year and missed the Street estimates.

The company's earnings came in at $294 million, or $4.76 per share. This compares with $348 million, or $5.61 per share, in last year's second quarter.

Analysts on average had expected the company to earn $5.36 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 3.1% to $1.764 billion from $1.821 billion last year.

Martin Marietta Materials, Inc. earnings at a glance (GAAP) :

-Earnings (Q2): $294 Mln. vs. $348 Mln. last year. -EPS (Q2): $4.76 vs. $5.61 last year. -Revenue (Q2): $1.764 Bln vs. $1.821 Bln last year.