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.
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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