OMAHA, Neb. (AP) _ Valmont Industries Inc. (VMI) on Wednesday reported third-quarter net income of $39.3 million.
On a per-share basis, the Omaha, Nebraska-based company said it had profit of $1.84. Earnings, adjusted for restructuring costs, were $1.99 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.71 per share.
The infrastructure equipment maker posted revenue of $734 million in the period.
Valmont shares have declined 7% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $139.05, rising slightly 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
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