OMAHA, Neb. (AP) _ Valmont Industries Inc. (VMI) on Wednesday reported fourth-quarter earnings of $35.7 million.
On a per-share basis, the Omaha, Nebraska-based company said it had net income of $1.66.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.86 per share.
The infrastructure equipment maker posted revenue of $683.6 million in the period.
For the year, the company reported profit of $153.8 million, or $7.06 per share. Revenue was reported as $2.77 billion.
Valmont expects full-year earnings to be $7.30 to $8 per share.
Valmont shares have climbed 3% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $154.43, a rise of 12% in the last 12 months.
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
Automated Insights, source Associated Press News