Dycom Industries Shares Jump Premarket After Earnings Beat

Dow Jones05-22

By Robb M. Stewart

Dycom Industries' shares rallied ahead of the opening bell after the provider of specialty contracting services to the U.S. telecommunications infrastructure and utility's quarterly earnings topped market expectations.

In premarket trading on Wednesday, the shares were 9.4% higher after ending the previous session at $154.40, up 34% so far in 2024.

Dycom recorded a rise in fiscal first-quarter net income to $62.6 million, or $2.12 a share, against $51.5 million, or $1.73, a year earlier. That was well ahead of the $1.47 a share analysts polled by FactSet anticipated.

Contract revenue for the three month through April 27 was 9.3% higher at $1.14 billion, beating the $1.09 billion expected by analysts.

For the current quarter, the company said it expects organic contract revenue to grow by high-single digits as a percentage of contract revenue.

Write to Robb M. Stewart at robb.stewart@wsj.com

(END) Dow Jones Newswires

May 22, 2024 09:22 ET (13:22 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2437936332?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-05-22 21:22","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2437936332","market":"fut","top_or_hot":-1,"title":"Dycom Industries Shares Jump Premarket After Earnings Beat","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Robb M. Stewart \n</p>\n<pre>\n \n</pre>\n<p>\n  Dycom Industries' shares rallied ahead of the opening bell after the provider of specialty contracting services to the U.S. telecommunications infrastructure and utility's quarterly earnings topped market expectations. \n</p>\n<p>\n  In premarket trading on Wednesday, the shares were 9.4% higher after ending the previous session at $154.40, up 34% so far in 2024. \n</p>\n<p>\n  Dycom recorded a rise in fiscal first-quarter net income to $62.6 million, or $2.12 a share, against $51.5 million, or $1.73, a year earlier. That was well ahead of the $1.47 a share analysts polled by FactSet anticipated. \n</p>\n<p>\n  Contract revenue for the three month through April 27 was 9.3% higher at $1.14 billion, beating the $1.09 billion expected by analysts. \n</p>\n<p>\n  For the current quarter, the company said it expects organic contract revenue to grow by high-single digits as a percentage of contract revenue. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Robb M. Stewart at robb.stewart@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 22, 2024 09:22 ET (13:22 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Dycom Industries Shares Jump Premarket After Earnings Beat</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDycom Industries Shares Jump Premarket After Earnings Beat\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-22 21:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>By Robb M. Stewart \n\n\n \n\n\n  Dycom Industries' shares rallied ahead of the opening bell after the provider of specialty contracting services to the U.S. telecommunications infrastructure and utility's ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DY","symbol_name":"戴康工业","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2437936332","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2437936332","pubTimestamp":1716384120,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Dycom Industries' shares rallied ahead of the opening bell after the provider of specialty contracting services to the U.S. telecommunications infrastructure and utility's quarterly earnings topped market expectations.In premarket trading on Wednesday, the shares were 9.4% higher after ending the previous session at $154.40, up 34% so far in 2024.Dycom recorded a rise in fiscal first-quarter net income to $62.6 million, or $2.12 a share, against $51.5 million, or $1.73, a year earlier. That was well ahead of the $1.47 a share analysts polled by FactSet anticipated.Contract revenue for the three month through April 27 was 9.3% higher at $1.14 billion, beating the $1.09 billion expected by analysts.For the current quarter, the company said it expects organic contract revenue to grow by high-single digits as a percentage of contract revenue.","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"DY":"戴康工业"},"translate_title":"Dycom Industries股价盘前上涨，盈利超过预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DY":1},"content_text":"By Robb M. Stewart \n\n\n \n\n\n  Dycom Industries' shares rallied ahead of the opening bell after the provider of specialty contracting services to the U.S. telecommunications infrastructure and utility's quarterly earnings topped market expectations. \n\n\n  In premarket trading on Wednesday, the shares were 9.4% higher after ending the previous session at $154.40, up 34% so far in 2024. \n\n\n  Dycom recorded a rise in fiscal first-quarter net income to $62.6 million, or $2.12 a share, against $51.5 million, or $1.73, a year earlier. That was well ahead of the $1.47 a share analysts polled by FactSet anticipated. \n\n\n  Contract revenue for the three month through April 27 was 9.3% higher at $1.14 billion, beating the $1.09 billion expected by analysts. \n\n\n  For the current quarter, the company said it expects organic contract revenue to grow by high-single digits as a percentage of contract revenue. \n\n\n \n\n\n  Write to Robb M. Stewart at robb.stewart@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 22, 2024 09:22 ET (13:22 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.0","shortVersion":"4.24.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2437936332"}