Dycom Industries (DY) Releases Earnings Results, Beats Expectations By $0.08 EPS

Dycom Industries (DY) reported quarterly earnings results on Tuesday, Aug-23-2016. The company said it had a profit of $1.64 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.08. Analysts had a consensus of $1.56. The company posted revenue of $789.16 million in the period, compared to analysts expectations of $771.53 million. The company’s revenue was up 36.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.97 EPS.

Dycom Industries opened for trading at $87.66 and hit $89.05 on the upside on Friday, eventually ending the session at $87.94, with a gain of 0.22% or 0.19 points. The heightened volatility saw the trading volume jump to 11,64,250 shares. Company has a market cap of $2,756 M.

In a different news, on Jul 15, 2016, Kimberly L Dickens (VP & Chief HR Officer) sold 1,661 shares at $95.87 per share price. According to the SEC, on Jul 15, 2016, Timothy R Estes (Executive VP & COO) sold 10,000 shares at $96.03 per share price. On Jul 15, 2016, H Andrew Deferrari (Sr. VP & CFO) sold 9,147 shares at $95.99 per share price, according to the Form-4 filing with the securities and exchange commission.

Dycom Industries Inc. is a provider of specialty contracting services throughout the United States and in Canada. The Company through its subsidiaries provides engineering construction maintenance and installation services to telecommunications providers underground facility locating services to various utilities including telecommunications providers and other construction and maintenance services to electric and gas utilities. It offers engineering services which include the design of aerial underground and buried fiber optic copper and coaxial cable systems that extend from the telephone company central office or cable operator headend to the consumer’s home or business. It also provides tower construction lines and antenna installation and foundation and equipment pad construction for wireless carriers as well as equipment installation and material fabrication and site testing services.

Dycom Industries

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