{"id":145548,"date":"2021-11-23T13:48:12","date_gmt":"2021-11-23T13:48:12","guid":{"rendered":"https:\/\/precoinnews.com\/?p=145548"},"modified":"2021-11-23T13:48:12","modified_gmt":"2021-11-23T13:48:12","slug":"dycom-adds-3-in-pre-market-on-upbeat-results","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/bitcoin\/dycom-adds-3-in-pre-market-on-upbeat-results\/","title":{"rendered":"Dycom Adds 3% In Pre-market On Upbeat Results"},"content":{"rendered":"
Shares of specialty contracting services provider Dycom Industries, Inc. (DY) are climbing more than 3% in pre-market trade on Tuesday following third-quarter results that surpassed the Street expectations.<\/p>\n
Net income was $28.72 million, or $0.94 per share for the third quarter, compared with $33.93 million, or $1.05 per share in the same quarter a year ago.<\/p>\n
Excluding one-time items, earnings were $29 million, or $0.95 per share, that beat the average estimate of analysts polled by Thomson Reuters at $0.69 per share. <\/p>\n
Contract revenue for the quarter increased to $853.97 million from $810.26 million last year. The consensus estimate was for $814.79 million.<\/p>\n
Looking forward, the company expects contract revenues for the fourth quarter to increase modestly from the year-ago quarter adjusted organic contract revenues of $691.8 million. Analysts expect revenue of $761.9 million for the period.<\/p>\n
DY closed Monday’s regular trade at $83.50, down $1.31, or 1.54%. The stock is currently at $86.03. <\/p>\n