OMAHA, Neb. (AP) — OMAHA, Neb. (AP) — Valmont Industries Inc. (VMI) on Tuesday reported fourth-quarter earnings of $168 million.
The Omaha, Nebraska-based company said it had profit of $9.05 per share. Earnings, adjusted for pretax gains, came to $4.92 per share.
The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $4.95 per share.
The infrastructure equipment maker posted revenue of $1.04 billion in the period, which also missed Street forecasts. Four analysts surveyed by Zacks expected $1.05 billion.
For the year, the company reported profit of $350.3 million, or $16.79 per share. Revenue was reported as $4.1 billion.
Valmont expects full-year earnings to be $20.50 to $23.50 per share, with revenue in the range of $4.2 billion to $4.4 billion.
_____
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
/Microsoft%20Corporation%20logo%20on%20sign-by%20Jean-Luc%20Ichard%20via%20iStock.jpg)
/Micron%20Technology%20Inc_%20logo%20on%20building-by%20vzphotos%20vis%20iStock.jpg)
/NVIDIA%20Corp%20logo%20on%20phone-by%20Evolf%20via%20Shutterstock.jpg)
/Tesla%20Inc%20tesla%20by-%20Iv-olga%20via%20Shutterstock.jpg)