Dycom Industries Q1 Profit Rises - Quick Facts

(RTTNews) - Dycom Industries Inc. (DY) Monday reported first-quarter profit of $18.7 million or $0.54 per share, up from $11.9 million or $0.35 per share in the same period last year.

Adjusted earnings for the quarter was $12.3 million or $0.36 per share. On average, seven analysts polled by Thomson Reuters expected the company to earn $0.46 per share for the quarter. Analysts' estimates typically exclude special items.

Contract revenues increased to $512.7 million from $323.3 million last year. Analysts expected revenues of $486.10 million.

Looking ahead to the second quarter, the company has forecast earnings in the range of $0.03 to $0.09 per share, with revenues ranging between $400.0 million and $420.0 million. Analysts currently expect the company to earn $0.18 per share on second-quarter revenues of $433.23 million.