- Valmont (NYSE:VMI) -1.2% AH after lowering its 2014 earnings outlook delivered in October; the producer of fabricated metal products now sees FY 2014 adjusted EPS of $8.10-$8.20, vs. its earlier outlook for $8.55-$8.65 and $8.59 analyst consensus estimate.
- VMI says the change in outlook is the result of reduced Q4 demand for irrigation equipment, production and shipping delays of utility structures that were in the backlog at the time of its prior guidance, and the impact of a stronger U.S. dollar on translation of earnings.