BIRMINGHAM, Ala. (AP) — BIRMINGHAM, Ala. (AP) — Vulcan Materials Co. (VMC) on Tuesday reported fourth-quarter profit of $252 million.
On a per-share basis, the Birmingham, Alabama-based company said it had profit of $1.91. Earnings, adjusted for non-recurring gains, came to $1.70 per share.
The results missed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $2.13 per share.
The construction materials company posted revenue of $1.91 billion in the period, which also did not meet Street forecasts. Eight analysts surveyed by Zacks expected $1.94 billion.
For the year, the company reported profit of $1.08 billion, or $8.11 per share. Revenue was reported as $7.94 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VMC at https://www.zacks.com/ap/VMC
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