Dycom Industries: Fiscal 2Q Earnings Snapshot

August 29, 2018

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.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DY at https://www.zacks.com/ap/DY

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