Dycom Industries: Fiscal Q2 Earnings Snapshot

WEST PALM BEACH, Fla. (AP) — WEST PALM BEACH, Fla. (AP) — Dycom Industries Inc. (DY) on Wednesday reported fiscal second-quarter profit of $115.6 million.

The West Palm Beach, Florida-based company said it had net income of $3.81 per share. Earnings, adjusted for one-time gains and costs, came to $5.29 per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $4.62 per share.

The provider of specialty contracting services posted revenue of $2.01 billion in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $1.97 billion.

For the current quarter ending in October, Dycom Industries expects its per-share earnings to range from $4.33 to $4.79.

The company said it expects revenue in the range of $1.9 billion to $1.98 billion for the fiscal third quarter.

Dycom Industries expects full-year revenue in the range of $7.48 billion to $7.66 billion.

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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