Valmont: Q3 Earnings Snapshot

Associated Press Finance
1 min read
0
In this article:

OMAHA, Neb. (AP) — OMAHA, Neb. (AP) — Valmont Industries Inc. (VMI) on Wednesday reported a loss of $49 million in its third quarter.

On a per-share basis, the Omaha, Nebraska-based company said it had a loss of $2.32. Earnings, adjusted for one-time gains and costs, were $4.12 per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $3.78 per share.

The infrastructure equipment maker posted revenue of $1.05 billion in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $1.1 billion.

Valmont expects full-year earnings in the range of $7.20 to $7.50 per share.

_____

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

Advertisement

Recommended Stories