OMAHA, Neb. (AP) — OMAHA, Neb. (AP) — Valmont Industries Inc. (VMI) on Tuesday reported second-quarter profit of $119.9 million.
The Omaha, Nebraska-based company said it had net income of $6.14 per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $5.76 per share.
The infrastructure equipment maker posted revenue of $1.12 billion in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $1.09 billion.
Valmont expects full-year earnings to be $22.25 to $23.50 per share, with revenue in the range of $4.3 billion to $4.45 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
/An%20Intel%20sign%20out%20front%20of%20a%20corporate%20office%20by%20wolterke%20via%20Adobe%20Stock.jpeg)
/United%20Parcel%20Service%2C%20Inc_%20logo%20on%20truck-by%20100pk%20via%20iStock.jpg)
/A%20close-up%20of%20the%20SpaceX%20sign%20on%20a%20black%20building%20by%20IanDewarPhotography%20via%20Adobe%20Stock.jpeg)