Dycom Industries Earnings: Here’s Why Shares are Up Now
Dycom Industries Inc. (NYSE:DY) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 0.34%.
Dycom Industries Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 25% to $0.21 in the quarter versus EPS of $0.28 in the year-earlier quarter.
Revenue: Rose 47.71% to $437.37 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Dycom Industries Inc. reported adjusted EPS income of $0.21 per share. By that measure, the company beat the mean analyst estimate of $0.17. It beat the average revenue estimate of $410.2 million.
Quoting Management: There was no comment from the management.
Key Stats (on next page)…