Dycom tumbles after FQ4 results


Dycom Industries (DY -8.5%) falls after reporting FQ4 results Tuesday evening.

Organic contract growth for the period was 7.5%, while total revenue (includes businesses acquired) came in ahead of the Street and ahead of the high end of company guidance.

Q1 2014 outlook: EPS of $0.42-0.49 on revenue of $475-495M against consensus of $0.47/ share on $471.5M in revenue. (PR)

See also: DY announces new buyback plan

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Comments (1)
  • TMKrause
    , contributor
    Comments (54) | Send Message
     
    I don't understand why DY is falling so much today. I scanned the earnings release and it seemed relatively positive. Low organic growth of 7.5%, but including recent acquistions, growth was, I think, about 50%. Costs also increased, but I didn't see any huge ugly trends. I also thought the buyback plan was positive. Anybody know what gives? Thanks.
    28 Aug 2013, 02:11 PM Reply Like
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