Martin Marietta Materials (MLM) reported quarterly earnings results on Thursday, May-5-2016. The company said it had a profit of $0.69 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.29. Analysts had a consensus of $0.40. The company posted revenue of $734.00 million in the period, compared to analysts expectations of $719.40 million. The company’s revenue was up 16.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.07 EPS.
Martin Marietta Materials closed down -3.73 points or -2.15% at $169.46 with 12,36,682 shares getting traded on Wednesday. Post opening the session at $171.97, the shares hit an intraday low of $165.27 and an intraday high of $174.05 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Mar 9, 2016, Stephen P Jr Zelnak (director) sold 10,000 shares at $153.66 per share price. According to the SEC, on Mar 4, 2016, William E Mcdonald (director) sold 3,000 shares at $148.04 per share price. On Mar 2, 2016, Laree E Perez (director) sold 3,000 shares at $143.35 per share price, according to the Form-4 filing with the securities and exchange commission.
Martin Marietta Materials Inc. is a supplier of aggregates products (crushed stone sand and gravel) and heavy building materials (cement) for the construction industry including infrastructure non-residential residential railroad ballast agricultural and chemical grade stone used in environmental applications. The Company operates through three businesses: Aggregates Business Cement Business and Magnesia Specialties Business. The Companys Aggregates Business is engaged in mining processing and selling granite limestone sand gravel and other aggregate products. The Companys Cement Business is engaged in producing Portland and specialty cements such as masonry and oil well cements. The Companys Magnesia Specialties Business includes magnesia-based chemicals and dolomitic lime businesses.