Vulcan Materials Co. Q1 Profit Decreases, but beats estimates

Vulcan Materials Co. (VMC) released earnings for first quarter that decreased from last year but beat the Street estimates.

The company's earnings totaled $91.8 million, or $0.69 per share. This compares with $160.6 million, or $1.20 per share, in last year's first quarter.

Excluding items, Vulcan Materials Co. reported adjusted earnings of $0.73 per share for the period.

Analysts on average had expected the company to earn $0.62 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 43.9% to $1.54 billion from $1.07 billion last year.

Vulcan Materials Co. earnings at a glance (GAAP) :

-Earnings (Q1): $91.8 Mln. vs. $160.6 Mln. last year.
-EPS (Q1): $0.69 vs. $1.20 last year.
-Analyst Estimates: $0.62
-Revenue (Q1): $1.54 Bln vs. $1.07 Bln last year.

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