Vulcan Materials, America’s largest producer of construction aggregates, reported a Q1 2015 loss of US$39.8 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Birmingham, Alabama-based company said it had a loss of 30 cents. Losses, adjusted to extinguish debt and to account for discontinued operations, came to 16 cents per share.
The results are said to have surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investm
May 6, 2015
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3587 Vulcan Materials, America’s largest producer of construction aggregates, reported a Q1 2015 loss of US$39.8 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Birmingham, Alabama-based company said it had a loss of 30 cents. Losses, adjusted to extinguish debt and to account for discontinued operations, came to 16 cents per share.
The results are said to have surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 17 cents per share.
Vulcan Materials posted revenue of $631.3 million in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $602.2 million.
Vulcan shares have climbed 34% since the beginning of the year, while the Standard & Poor's 500 index has climbed almost 3%.
