Dycom Industries (DY +9.2%) moves up today after its FQ2 beat estimates across the board late yesterday. Net actually fell 8.5% however, as margins weakened amid soft capital spending trends in the telecom sector. Separately, the telecommunications contractor announced plans to buy assets of Quanta Services (PWR -0.5%) for around $275M in cash, in a deal that DY says will strengthen it's customer base, geographic scope and technical service offerings.
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