Dycom Industries rises on upbeat Q1 revenue

Dycom Industries

25/05/2022 16:23

** Shares of construction and engineering contract services
provider  DY.N  rise 12.9% to $90.59
    ** DY's Q1 contract revenue of $876.3 mln beats analysts'
estimates of $779.5 mln, according to Refinitiv IBES data
 urn:newsml:reuters.com:*:nGNX6YnbNB
    ** Company expects contract revenues for the current quarter
to grow mid-teens to 20% vs the previous year
    ** Company, which provides services to the telecom industry,
says it expects to benefit from an increase in wireless
construction activity in the year
    ** Stock down 3.4% YTD

 (Reporting by Amruta Khandekar)
 ((Amruta.Khandekar@thomsonreuters.com;))