Vulcan Materials Co. (VMC) revealed a profit for fourth quarter that decreased from the same period last year and missed the Street estimates.
The company's bottom line totaled $119.4 million, or $0.89 per share. This compares with $138.0 million, or $1.03 per share, in last year's fourth quarter.
Excluding items, Vulcan Materials Co. reported adjusted earnings of $1.08 per share for the period.
Analysts on average had expected the company to earn $1.26 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 7.5% to $1.73 billion from $1.61 billion last year.
Vulcan Materials Co. earnings at a glance (GAAP) :
-Earnings (Q4): $119.4 Mln. vs. $138.0 Mln. last year.
-EPS (Q4): $0.89 vs. $1.03 last year.
-Analyst Estimates: $1.26
-Revenue (Q4): $1.73 Bln vs. $1.61 Bln last year.
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