Martin Marietta misses by $0.24, misses on revs
Reports Q3 (Sep) earnings of $1.45 per share, excluding non-recurring items, $0.24 worse than the Capital IQ Consensus Estimate of $1.69; revenues rose 52.9% year/year to $917.9 mln vs the $1000.46 mln consensus.
For the remainder of 2014, the company is encouraged by positive trends in its business and markets. For 2015, the company currently expects the following: Infrastructure market to increase mid-single digits; Non-residential market to increase in the high single digits; Residential market to experience a double-digit increase; ChemRock/Rail market to remain relatively flat.
For the remainder of 2014, the company is encouraged by positive trends in its business and markets. For 2015, the company currently expects the following: Infrastructure market to increase mid-single digits; Non-residential market to increase in the high single digits; Residential market to experience a double-digit increase; ChemRock/Rail market to remain relatively flat.