OMAHA, Neb. (AP) — OMAHA, Neb. (AP) — Valmont Industries Inc. (VMI) on Wednesday reported second-quarter earnings of $99.7 million.
The Omaha, Nebraska-based company said it had net income of $4.91 per share. Earnings, adjusted for pretax gains, came to $4.76 per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $4.04 per share.
The infrastructure equipment maker posted revenue of $1.04 billion in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $1.06 billion.
Valmont expects full-year earnings to be $16.50 to $17.30 per share.
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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