Valmont: 3Q Earnings Snapshot
OMAHA, Neb. (AP) _ Valmont Industries Inc. (VMI) on Wednesday reported third-quarter earnings of $40.1 million.
On a per-share basis, the Omaha, Nebraska-based company said it had profit of $1.85. Earnings, adjusted for non-recurring costs, came to $2.09 per share.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.28 per share.
The infrastructure equipment maker posted revenue of $690.3 million in the period.
Valmont expects full-year earnings to be $7.05 to $7.45 per share.
Valmont shares have risen 25% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $138.31, an increase of 8.5% in the last 12 months.