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Vulcan Materials (VMC) Beats Q1 Earnings & Revenue Estimates

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Based in Birmingham, AL, Vulcan Materials Company (VMC - Free Report) is engaged in the production, distribution and sale of construction aggregates and other construction materials in the U.S. and Mexico.

Investors should note that earnings estimate for VMC has moved down in the last 30 days. The building materials company has posted one positive earnings surprise in the past four quarters, with a positive average surprise of 73.94%, owing to stellar performance in the first quarter of 2016.

Currently, VMC has a Zacks Rank #3 (Hold), but that could definitely change following Vulcan’ earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

We have highlighted some of the key stats from this just-revealed announcement below:

Earnings: VMC beat on earnings. Our consensus earnings estimate called for EPS of 22 cents, and the company reported adjusted earnings of 34 cents instead. Investors should note that these figures take out stock option expenses.

Revenues: VMC reported revenues of $787.3 million. This surpassed our consensus estimate of $756.4 million.

Key Stats to Note: Aggregates shipment decreased 2% in the quarter.

Share Price Impact: Shares were up 3.9% in pre-market trading at the time of writing.

Vulcan Materials Company Price and EPS Surprise

Check back later for our full write up on this VMC earnings report later!

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