Martin Marietta Materials Q2 2024 Adj. EPS $5.26 Misses $5.40 Estimate, Sales $1.764B Miss $1.846B Estimate
Portfolio Pulse from Benzinga Newsdesk
Martin Marietta Materials (NYSE:MLM) reported Q2 2024 adjusted EPS of $5.26, missing the analyst estimate of $5.40. Sales were $1.764 billion, also below the $1.846 billion estimate and down 3.13% from the same period last year.
August 08, 2024 | 11:39 am
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Martin Marietta Materials reported Q2 2024 earnings and sales that missed analyst estimates. EPS was $5.26, below the $5.40 estimate, and sales were $1.764 billion, below the $1.846 billion estimate and down 3.13% year-over-year.
The company's earnings and sales both missed analyst estimates, which is likely to negatively impact the stock price in the short term. The year-over-year decline in sales further adds to the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100