- Valmont Indsutries (VMI) -4.8% premarket after posting disappointing Q4 revenues and issuing downside guidance for Q1 and FY 2014.
- VMI sees Q1 EPS of ~$2.17, -25% Y/Y and lower than $2.61 analyst consensus estimate, pointing to exceptional irrigation results in the year-ago quarter mainly driven by drought which will not be matched in the current quarter, and severe weather has disrupted production and shipping in some facilities.
- Sees FY 2014 EPS of slightly below $10.97 vs. $11.10 consensus.
Valmont -4.8% premarket after predicting lower profits in Q1
Feb 21 2014, 09:13 ET