Vulcan Materials Co. Q1 Profit Decreases, but beats estimates

(RTTNews) - 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.