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Actionable news in MLM: MARTIN MARIETTA MATERIALS,

Martin Marietta Materials earnings miss estimates

Martin Marietta Materials Inc. on Tuesday reported its third-quarter profit soared and revenue grew to beat analyst forecasts, helped by the sale of its California cement business, but earnings missed expectations.

Shares were down 6.6% in midday trading.

Revenue was dented in the previous quarter by record rainfall that significantly hurt results in the Texas market. Pent-up demand padded the most recent quarter's results.

The Raleigh, N.C....


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