Martin Marietta Materials Q4 EPS $4.63 Beats $3.99 Estimate, Sales $1.60B Miss $1.63B Estimate
Portfolio Pulse from Benzinga Newsdesk
Martin Marietta Materials (MLM) reported Q4 earnings of $4.63 per share, surpassing the $3.99 estimate, marking a 53.82% increase from last year. However, their sales of $1.60B fell short of the $1.63B estimate, though it's an 8.47% increase from the previous year.
February 14, 2024 | 11:58 am
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Martin Marietta Materials reported higher-than-expected Q4 earnings per share but missed on sales estimates, showing both strength in profitability and a slight shortfall in revenue growth.
The positive earnings surprise could lead to short-term positive sentiment, offset by the slight miss in sales expectations. The net effect might be neutral as investors weigh the strong earnings growth against the slight revenue shortfall.
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