Dycom Industries (NYSE:DY) Shares Q1 Misses, Sees weak Q2

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Dycom Industries, Inc. (NYSE:DY) plunged 2.32% to $8.41 after it reports Q1 adj-EPS of $0.15, 2 cents lower than the analyst estimate of $0.17. Revenue for the quarter was $259.1 million, which compares to the estimate of $269.29 million. Sees Q2 sales down sequentially, sees modest loss per share.

Dycom Industries, Inc. (Dycom) is a provider of specialty contracting services. These services are provided throughout the United States. It include engineering, construction, maintenance and installation services to telecommunications providers, underground facility locating services to various utilities including telecommunications providers, and other construction and maintenance services to electric utilities and others. Dycom also provides services on a limited basis in Canada.