RALEIGH, N.C. (AP) — Martin Marietta Materials Inc. (MLM) on Thursday reported third-quarter earnings of $294.4 million.
The Raleigh, North Carolina-based company said it had profit of $4.71 per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $3.76 per share.
The seller of granite, limestone, sand and gravel posted revenue of $1.32 billion in the period. Its adjusted revenue was $1.24 billion.
Martin Marietta shares have declined 12% since the beginning of the year. The stock has fallen 8% in the last 12 months.