Plus   Neg

Dycom Industries Inc. Profit Falls 41% In Q1

Dycom Industries Inc. (DY) announced earnings for first quarter that fell from last year.

The company said its earnings dropped to $31.60 million, or $0.99 per share. This was lower than $53.75 million, or $1.67 per share, in last year's first quarter.

Analysts had expected the company to earn $0.90 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 5.4% to $756.22 million. This was down from $799.22 million last year.

Dycom Industries Inc. earnings at a glance:

-Earnings (Q1): $31.60 Mln. vs. $53.75 Mln. last year.
-Earnings Decline (Y-o-Y): -41.2%
-EPS (Q1): $0.99 vs. $1.67 last year.
-EPS Decline (Y-o-Y): -40.7%
-Analysts Estimate: $0.90
-Revenue (Q1): $756.22 Mln vs. $799.22 Mln last year.
-Revenue Change (Y-o-Y): -5.4%

Next quarter EPS guidance: $0.24 - $0.36

For comments and feedback contact: editorial@rttnews.com

Follow RTT