Martin Marietta said its first-quarter net rose...
Martin Marietta said its first-quarter net rose 71% from the same period of 1985. Operating earnings were modestly higher. The company said earnings for the 1986 quarter included a gain from the sale of a portion of it equity position in a California biotechnology company, Chiron Corp. A recent U.S. Tax Court decision, which had the effect of reducing capital gains taxes, also aided earnings.
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