OMAHA, Neb. (AP) — OMAHA, Neb. (AP) — Valmont Industries Inc. (VMI) on Wednesday reported first-quarter net income of $87.8 million.
The Omaha, Nebraska-based company said it had net income of $4.32 per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $3.24 per share.
The infrastructure equipment maker posted revenue of $977.8 million in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $981.6 million.
Valmont expects full-year earnings to be $15.40 to $16.40 per share.
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