OMAHA, Neb. (AP) _ Valmont Industries Inc. (VMI) on Wednesday reported first-quarter earnings of $42.9 million.

On a per-share basis, the Omaha, Nebraska-based company said it had profit of $1.99.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.41 per share.

The infrastructure equipment maker posted revenue of $674.2 million in the period.

For the current quarter ending in July, Valmont said it expects revenue in the range of $645 million to $665 million.

Valmont shares have decreased 30% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $105.47, a decline of 20% 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