Dycom Industries Inc. (NYSE:DY) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Dycom Industries Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 12.82% to $0.44 in the quarter versus EPS of $0.39 in the year-earlier quarter.
Revenue: Rose 50.5% to $478.63 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Dycom Industries Inc. reported adjusted EPS income of $0.44 per share. By that measure, the company missed the mean analyst estimate of $0.45. It beat the average revenue estimate of $465.72 million.
Key Stats (on next page)…