Martin Marietta Reports First-Quarter 2020 Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 7/24/2026
- Nasdaq falls on angst over AI spending ahead of earnings reports
- Elon Musk’s trillion-dollar meltdown: How SpaceX and Tesla erased $700 billion
- Intel jumps 10% after AI-fueled quarter crushes estimates, upbeat outlook
- Oil down more than 4% on profit taking, report of China-backed push to end US-Iran fighting
- Why Meta, Microsoft, and Nvidia are championing open-weight AI
- Americold to wind down Ahold Delhaize facilities, take $305M charge
- AMD (AMD) PT Raised to $1,250 at Baird
- Pakistan, Iran explore path towards new talks with US in a China-initiated push, sources say
- Wall St falls as tech earnings spark AI spending worries and oil hits $100
- Did Google and Tesla just break AI trade’s bull case?
Martin Marietta Materials (MLM) Misses Q1 EPS by 8c, Revenues Beat; Withdraws FY20 Guidance
May 5, 2020 6:56 AM EDTMartin Marietta Materials (NYSE: MLM) reported Q1 EPS of $0.41, $0.08 worse than the analyst estimate of $0.49. Revenue for the quarter came in at $958.2 million versus the consensus estimate of $881.86 million.
LONG-TERM FUNDAMENTALS OF BUSINESS REMAIN POSITIVE Shipments and Pricing Increased Across Majority of Building Materials Business in the First QuarterCement and Magnesia Specialties Delivered First-Quarter Margin ExpansionCompany Strengthened Balance Sheet through Long-Term Debt Offering in Early MarchCompany Well Prepared for COVID-19 Challenging Operating ConditionsWithdraws Previously-Issued Full-Year 2020 Guidance in Light of COVID-19 Uncertainty
Ward... More
