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Martin Marietta Materials Q3 Profit Rises

Martin Marietta Materials Inc. (MLM) reported that its third-quarter net earnings attributable to the company rose to $294.4 million or $4.71 per share from $248.6 million or $3.96 per share in the prior year.

But, total revenues for the quarter declined to $1.32 billion from $1.42 billion last year.

Analysts polled by Thomson Reuters expected the company to report earnings of $3.76 per share and revenues of $1.27 billion. Analysts' estimates typically exclude special items.

The company expects full-year 2020 Adjusted EBITDA to range from $1.35 billion to $1.37 billion.

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