Dycom Industries Q4 Adj. Profit Tops View; Issues Q1 Outlook - Quick Facts

(RTTNews) - Dycom Industries Inc. (DY) Tuesday reported fourth-quarter net income of $16.5 million or $0.47 per share, compared to $14.7 million or $0.43 per share in the comparable quarter last year.

Adjusted net income for the latest fourth quarter was $16.9 million or $0.48 per share, up from $15.1 million or $0.44 per share in the year-ago period. On average, seven analysts polled by Thomson Reuters expected the company to earn $0.47 per share for the quarter. Analysts' estimates typically exclude special items.

Contract revenues increased to $482.07 million from $478.63 million last year, while six analysts expected revenues of $487.21 million.

Looking ahead to the first quarter, the company has forecast earnings in the range of $0.45 to $0.52 per share, with revenues ranging between $490 million and $510 million. Analysts currently expect the company to earn $0.54 per share on first-quarter revenues of $502.14 million.