Sign up USA
Proactive Investors - Run By Investors For Investors

Dycom Industries says second-quarter earnings, revenue to fall short of previous guidance

The NYSE-listed firm said after bad weather reduced the number of available working days and hurt margins and productivity, it now expects quarterly adjusted per share earnings to range from 9 US cents to 12 US cents, below previous guidance
Shares down
Dycom also said its second-quarter revenue is expected to be at about US$655mln below the midpoint of its previous guidance

Dycom Industries Inc.’s (NYSE:DY) shares fell 3% in pre-market trading on Monday after the specialty contractor warned that its second-quarter earnings would fall short of previous guidance.

The NYSE-listed firm said that after bad weather reduced the number of available working days and hurt margins and productivity, it now expects quarterly adjusted earnings per share to range from 9 US cents to 12 US cents, below previous guidance.

2019 revenue, adjusted EPS guidance 

The group also said its second-quarter revenue is expected to be at about US$655mln below the midpoint of its previous guidance.

For fiscal 2019, Dycom is expecting revenue of US$3.30bn to US$3.50bn and adjusted EPS of US$5.22 to US$6.14, compared to consensus for US$3.29bn and US$5.02 respectively.

The company said it will report second-quarter earnings on February 28.

In pre-market New York trading, Dycom shares were 3.2% lower at US$107.60.

View full PROAC profile View Profile

Proactiveinvestors Timeline

Related Articles

ipad
September 19 2018
“Cello Health is successfully building its early stage asset development advisory platform for biotech clients, as well as growing its core later stage and post-launch franchise with pharmaceutical clients”
Marketing and public relations
April 04 2018
"Our Beyond, MBooth and Publitek agencies have been stand-out performers, whilst we have achieved solid performances pretty much across the portfolio"
Lego ball
September 14 2018
The company's latest push is a joint venture agreement with US-based entertainment firm Three Six Zero, which has steered the careers of pop stars such as Calvin Harris
Copyright © Proactiveinvestors.com, 2018. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use