Why Valmont Industries Stock Skyrocketed This Week
Valmont Industries (NYSE: VMI) stock bounded higher in this week's trading. The industrials company's share price jumped 20.9% higher across the stretch. Meanwhile, the S 500 index's level climbed 0.5% over the same period, and the Nasdaq Composite index's level rose 1.5%.
On April 21, Valmont published results for the first quarter of its current fiscal year -- which ended March 28. The company reported sales and earnings that beat the average Wall Street analyst estimates, and the company also increased elements of its forward guidance.
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Source Fool.com
