Investing.com - Vulcan Materials (NYSE:VMC) reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Vulcan Materials announced earnings per share of $1.25 on revenue of $1.61B. Analysts polled by Investing.com anticipated EPS of $1.18 on revenue of $1.6B.
Vulcan Materials shares are down 7% from the beginning of the year, still down 11.49% from its 52 week high of $213.65 set on January 4. They are outperforming the Nasdaq 100 which is down 10.41% from the start of the year.
Vulcan Materials follows other major Materials sector earnings this month
Vulcan Materials's report follows an earnings missed by Freeport-McMoran on January 26, who reported EPS of $0.96 on revenue of $6.16B, compared to forecasts EPS of $0.9703 on revenue of $6.44B.
Air Products had beat expectations on February 4 with first quarter EPS of $2.52 on revenue of $2.99B, compared to forecast for EPS of $2.5 on revenue of $2.74B.
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