logo
  

Dycom Industries Expects Q3 Revenues To Be In-line To Modestly Lower Than Q2 - Quick Facts

While reporting financial results for the second quarter on Tuesday, Dycom Industries, Inc. (DY) anticipates contract revenues and margins for the third quarter to range from in-line to modestly lower on a sequential basis for the second quarter, based on current conditions.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $0.84 per share on revenues of $883.47 million for the quarter. Analysts' estimates typically exclude special items.

The company said it continues to closely monitor the impact of the COVID-19 pandemic on all aspects of its business. It believes the impact of the COVID-19 pandemic on its operating results, cash flows and financial condition is uncertain, unpredictable and may be outside of its control.

Separately, the company said its Board of Directors has authorized a new $100 million program to repurchase shares of Dycom's outstanding common stock, to be made over the next eighteen (18) months in open market purchases or privately-negotiated transactions, including pursuant to a Rule 10b5-1 plan.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Cryptocurrency Dogecoin's price jumped over 15% on Friday, but later lost some of the gains, after Tesla Inc. (TSLA) CEO Elon Musk announced that the luxury car maker will start accepting the meme cryptocurrency as payment for its merchandise. "Tesla merch buyable with Dogecoin," Musk tweeted on Friday. Dogecoin... US investment bank JPMorgan Chase & Co. reported Friday a profit for the fourth quarter that declined 14 percent from last year, hurt primarily by higher noninterest expense and lower credit reserve releases. Both adjusted earnings per share and revenues for the quarter topped analysts' expectations. Microsoft Corp. said its Board of Directors has initiated a review of the effectiveness of its workplace sexual harassment and gender discrimination policies and practices. The company has hired the law firm of Arent Fox to conduct the review mainly on sexual harassment investigations, including that of co-founder Bill Gates.
RELATED NEWS
Follow RTT