WASHINGTON (dpa-AFX) - Martin Marietta Materials, Inc. (MLM) revealed a profit for its first quarter that increased from last year.
The company's bottom line came in at $65.3 million, or $1.04 per share. This compares with $25.9 million, or $0.41 per share, in last year's first quarter.
Analysts had expected the company to earn $0.50 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 2.5% to $982.4 million from $958.2 million last year.
Martin Marietta Materials, Inc. earnings at a glance:
-Earnings (Q1): $65.3 Mln. vs. $25.9 Mln. last year. -EPS (Q1): $1.04 vs. $0.41 last year. -Analysts Estimate: $0.50 -Revenue (Q1): $982.4 Mln vs. $958.2 Mln last year.
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