Martin Marietta Materials Raised FY23 Revenue Outlook to $6.73B-$6.86B From $6.60B - $6.815B Vs. $6.77B Estimate
Portfolio Pulse from Benzinga Newsdesk
Martin Marietta Materials has increased its FY23 revenue outlook to a range of $6.73B-$6.86B, up from the previous range of $6.60B-$6.815B. This is against an estimate of $6.77B.

July 27, 2023 | 11:04 am
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Martin Marietta Materials has raised its FY23 revenue outlook, which could potentially lead to a positive impact on its stock price.
Companies often see their stock prices increase when they raise their revenue outlooks, as this suggests they are performing better than previously expected. This is particularly true if the new outlook exceeds analyst estimates, as is the case here.
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