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Dycom Industries Inc. Q3 adjusted earnings Beat Estimates

Dycom Industries Inc. (DY) reported earnings for third quarter that declined from the same period last year.

The company's bottom line totaled $28.7 million, or $0.94 per share. This compares with $33.9 million, or $1.05 per share, in last year's third quarter.

Excluding items, Dycom Industries Inc. reported adjusted earnings of $29.0 million or $0.95 per share for the period.

Analysts had expected the company to earn $0.69 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 5.4% to $854.0 million from $810.3 million last year.

Dycom Industries Inc. earnings at a glance:

-Earnings (Q3): $29.0 Mln. vs. $34.4 Mln. last year.
-EPS (Q3): $0.95 vs. $1.06 last year.
-Analysts Estimate: $0.69
-Revenue (Q3): $854.0 Mln vs. $810.3 Mln last year.

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