OMAHA, Neb. (AP) — OMAHA, Neb. (AP) — Valmont Industries Inc. (VMI) on Tuesday reported fourth-quarter net income of $77.7 million.
The Omaha, Nebraska-based company said it had profit of $3.84 per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $3.66 per share.
The infrastructure equipment maker posted revenue of $1.04 billion in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $1.01 billion.
For the year, the company reported profit of $348.3 million, or $17.19 per share. Revenue was reported as $4.08 billion.
Valmont expects full-year earnings to be $17.20 to $18.80 per share, with revenue in the range of $4 billion to $4.2 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VMI at https://www.zacks.com/ap/VMI
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