Dycom Industries: Fiscal 2Q Earnings Snapshot
PALM BEACH GARDENS, Fla. (AP) _ Dycom Industries Inc. (DY) on Wednesday reported fiscal second-quarter net income of $29.9 million.
The Palm Beach Gardens, Florida-based company said it had net income of 94 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.05 per share.
The results matched Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was also for earnings of $1.05 per share.
The provider of specialty contracting services posted revenue of $799.5 million in the period, which also matched Street forecasts.
For the current quarter ending in November, Dycom Industries expects its per-share earnings to range from 80 cents to $1.04.
The company said it expects revenue in the range of $785 million to $835 million for the fiscal third quarter. Analysts surveyed by Zacks had expected revenue of $823.2 million.
Dycom Industries expects full-year earnings in the range of $2.62 to $3.07 per share, with revenue ranging from $3.01 billion to $3.11 billion.
Dycom Industries shares have decreased 30 percent since the beginning of the year. The stock has fallen 5.5 percent in the last 12 months.