Dycom Industries: Fiscal Q1 Earnings Snapshot
PALM BEACH GARDENS, Fla. (AP) _ Dycom Industries Inc. (DY) on Wednesday reported fiscal first-quarter net income of $19.5 million.
On a per-share basis, the Palm Beach Gardens, Florida-based company said it had profit of 65 cents. Earnings, adjusted for pretax gains, were 51 cents per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 11 cents per share.
The provider of specialty contracting services posted revenue of $876.3 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $779.4 million.