RALEIGH, N.C. (AP) _ Martin Marietta Materials Inc. (MLM) on Tuesday reported second-quarter earnings of $217.6 million.

The Raleigh, North Carolina-based company said it had profit of $3.49 per share.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $3.04 per share.

The seller of granite, limestone, sand and gravel posted revenue of $1.27 billion in the period. Its adjusted revenue was $1.19 billion, also beating Street forecasts. Three analysts surveyed by Zacks expected $1.15 billion.

Martin Marietta shares have decreased 18% since the beginning of the year. The stock has climbed almost 3% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MLM at https://www.zacks.com/ap/MLM

Automated Insights, source Associated Press News