PALM BEACH GARDENS, Fla. (AP) — PALM BEACH GARDENS, Fla. (AP) — Dycom Industries Inc. (DY) on Wednesday reported fiscal first-quarter net income of $61 million.
On a per-share basis, the Palm Beach Gardens, Florida-based company said it had profit of $2.09.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.60 per share.
The provider of specialty contracting services posted revenue of $1.26 billion in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $1.2 billion.
For the current quarter ending in July, Dycom Industries said it expects revenue in the range of $1.38 billion to $1.43 billion.
The company expects full-year revenue in the range of $5.29 billion to $5.43 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DY at https://www.zacks.com/ap/DY
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