OMAHA, Neb. (AP) _ Valmont Industries Inc. (VMI) on Wednesday reported second-quarter profit of $22.6 million.
The Omaha, Nebraska-based company said it had profit of $1.06 per share. Earnings, adjusted for one-time gains and costs, came to $2 per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.47 per share.
The infrastructure equipment maker posted revenue of $688.8 million in the period.
For the current quarter ending in October, Valmont said it expects revenue in the range of $680 million to $700 million.
Valmont shares have declined 21% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $118.85, a fall of 7% in the last 12 months.
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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
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