Martin Marietta Materials Q2 Sales $1.764B Miss $1.846B Estimate
Portfolio Pulse from Benzinga Newsdesk
Martin Marietta Materials (NYSE:MLM) reported Q2 sales of $1.764 billion, missing the analyst consensus estimate of $1.846 billion by 4.42%. This represents a 3.13% decrease from the same period last year.
August 08, 2024 | 10:56 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Martin Marietta Materials reported Q2 sales of $1.764 billion, missing the analyst estimate of $1.846 billion by 4.42%. This is a 3.13% decrease from the same period last year.
The miss on sales estimates and the year-over-year decline in sales are likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100