BIRMINGHAM, Ala. (AP) — BIRMINGHAM, Ala. (AP) — Vulcan Materials Co. (VMC) on Thursday reported fourth-quarter net income of $119.4 million.
The Birmingham, Alabama-based company said it had net income of 89 cents per share. Earnings, adjusted for non-recurring costs and to account for discontinued operations, came to $1.08 per share.
The results did not meet Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.29 per share.
The construction materials company posted revenue of $1.73 billion in the period, which also missed Street forecasts. Eight analysts surveyed by Zacks expected $1.82 billion.
For the year, the company reported profit of $575.6 million, or $4.31 per share. Revenue was reported as $7.32 billion.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a VMC">Zacks stock report on VMC at https://www.zacks.com/ap/VMC