12:17 PM EDT, 07/25/2024 (MT Newswires) -- (Updates with the latest stock movement in the headline and the first paragraph.)

Valmont Industries' ( VMI ) shares rose by more than 11% in recent Thursday trading, a day after the company reported fiscal Q2 earnings of $4.91 per diluted share, up from $4.21 a year earlier.

Analysts polled by Capital IQ expected $4.08.

Net sales in the 13 weeks ended June 29 fell to $1.04 billion from $1.05 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.04 billion.

The company boosted its 2024 EPS guidance to $16.50 to $17.30 from $15.40 to $16.40. Analysts polled by Capital IQ expect $15.85.

Price: 300.97, Change: +30.07, Percent Change: +11.10