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RALEIGH, N.C. (AP) — RALEIGH, N.C. (AP) — Martin Marietta Materials Inc. (MLM) on Wednesday reported fourth-quarter net income of $294 million.
The Raleigh, North Carolina-based company said it had profit of $4.79 per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $4.60 per share.
The seller of granite, limestone, sand and gravel posted revenue of $1.63 billion in the period, missing Street forecasts. Six analysts surveyed by Zacks expected $1.65 billion.
For the year, the company reported profit of $2 billion, or $32.41 per share. Revenue was reported as $6.54 billion.
Martin Marietta expects full-year revenue in the range of $6.83 billion to $7.23 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MLM at https://www.zacks.com/ap/MLM