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Valmont: Q1 Earnings Snapshot

OMAHA, Neb. (AP) — OMAHA, Neb. (AP) — Valmont Industries Inc. (VMI) on Tuesday reported first-quarter profit of $108 million.

On a per-share basis, the Omaha, Nebraska-based company said it had profit of $5.51.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $4.72 per share.

The infrastructure equipment maker posted revenue of $1.03 billion in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $996.8 million.

Valmont expects full-year earnings to be $21.50 to $23.50 per share, with revenue in the range of $4.2 billion to $4.4 billion.

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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

One Tech Tip: What to know about flying with lithium ion portable battery chargers

Jetting off soon for summer travels? If you're planning on bringing an extra battery charger for your phone or other devices, be aware of the latest rules when taking one on a flight. Rechargeable lithium-ion portable battery chargers, also known as power banks, come in protective enclosures of various shapes and sizes. They're a handy and popular way for getting more juice when you're on the move. But after a spate of smoke or fire incidents, U.S. and international aviation authorities have issued new guidelines and airlines have tightened up rules for passengers. Here's a guide on flying with power banks.
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