Benzinga | Nov 24, 2020 08:19AM EST

Dycom Industries: Q3 Earnings Insights



Shares of Dycom Industries (NYSE:DY) fell 10% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share were up 20.45% year over year to $1.06, which beat the estimate of $1.05.

Revenue of $810,256,000 declined by 8.35% from the same period last year, which missed the estimate of $817,690,000.

Guidance

Dycom Industries hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

How To Listen To The Conference Call

Date: Nov 24, 2020

Time: 09:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/smswbz8w

Price Action

Company's 52-week high was at $78.71

52-week low: $12.24

Price action over last quarter: Up 37.98%

Company Description

Dycom Industries Inc provides contracting services in the United States and Canada. It offers program management, engineering, construction, maintenance, and installation services for telecommunications providers and utilities. Engineering services include the design of aerial, underground, and buried telecommunications systems that extend from telephone companies to end-users' homes or businesses. Dycom Industries utilizes copper, coaxial cables, and other materials, and constructs trenches and structures to place the cables or improve distribution lines to consumers. In addition, the company provides tower construction, antenna installation, and other equipment for wireless carriers and television system operators. The majority of sales derive from the United States.