WASHINGTON (dpa-AFX) - Vulcan Materials Co. (VMC) reported that its first-quarter net loss narrowed to $52.05 million or $0.40 per share, from $54.73 million or $0.42 per share in the same quarter last year.
Adjusted loss from continuing operations were $0.42 per share compared to a loss of $0.62 per share in the same period last year.
Total revenues for the quarter rose to $535.88 million from $487.20 million in the prior year quarter.
Analysts polled by Thomson Reuters expected the company to report a loss of $0.44 per share on revenues of $517.77 million for the quarter. Analysts' estimates typically exclude special items.
For 2012, the company continues to expect earnings in each segment to improve versus the prior year due to continued growth in volumes, higher pricing and reduced costs. Cement earnings should approach break-even levels in 2012.
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