Wall Street Watch Wednesday: Dycom Earnings a Bad Sign for the Telecom Biz
Filed under: Earnings, Market News
Dycom Industries (DY) had a pretty neat streak going until Tuesday night.
The provider of construction and specialty services for the telecommunications industry had posted better than expected earnings for five consecutive quarters.
Hopefully, that streak will get going again next quarter.
Dycom posted disappointing financial results after Tuesday’s market close. Contract revenues climbed 5% to $318 million, just shy of the $323.7 million that Wall Street was expecting. Dycom’s quarterly…
Wall Street Watch Wednesday: Dycom Earnings a Bad Sign for the Telecom Biz originally appeared on DailyFinance.com on 2012-08-29T06:00:00Z.
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