OMAHA, Neb. (AP) — OMAHA, Neb. (AP) — Valmont Industries Inc. (VMI) on Tuesday reported first-quarter net income of $87.3 million.
On a per-share basis, the Omaha, Nebraska-based company said it had net income of $4.32.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $4.24 per share.
The infrastructure equipment maker posted revenue of $969.3 million in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $975.6 million.
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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