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Martin Marietta Materials Turns In 1Q Loss

Stock quotes in this article: MLM  

RALEIGH, N.C. (AP) — Martin Marietta Materials Inc. said Tuesday that it posted a first-quarter loss on lower sales of its gravel and other road building materials.

The company reported a loss of $5.8 million, or 14 cents per share, down from a profit of $20.9 million, or 50 cents per share, in the year-earlier quarter.

Quarterly revenue came in at $330.3 million, down 17 percent from $396.3 million in the 2008 quarter. ...

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