Dycom Industries Q3 Profit Tops View - Quick Facts

(RTTNews) - Dycom Industries Inc. (DY) Tuesday reported third-quarter net income of $7.9 million or $0.23 per share, compared to $7.2 million or $0.21 per share in the same period last year.

On average, seven analysts polled by Thomson Reuters expected the company to earn $0.22 per share for the quarter. Analysts' estimates typically exclude special items.

Contract revenues increased to $426.28 million from $437.37 million last year. Analysts expected revenues of $429.56 million.

Looking ahead to the fourth quarter, the company has forecast earnings in the range of $0.43 to $0.50 per share, with revenues ranging between $475.0 million and $495.0 million. Analysts currently expect the company to earn $0.50 per share on fourth-quarter revenues of $491.67 million.