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....