This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Dycom Industries Fiscal 4th Qtr Profit Jumps

PALM BEACH GARDENS, Fla. (AP) ¿ Telecommunications contractor Dycom Industries Inc. said Tuesday its fiscal fourth-quarter profit more than doubled from a year-ago period hurt by an impairment charge and losses from now-discontinued operations.

For the three months ended July 25, the company earned $6.6 million, or 17 cents per share, compared with $3.1 million, or 8 cents per share, in the year-earlier period. Excluding one-time charges, the company earned 23 cents per share in the latest period.

Contract revenue in the 2009 fiscal fourth quarter declined to $269.7 million from $322.1 million.

Analysts polled by Thomson Reuters had expected, on average, earnings per share of just 15 cents on slightly higher sales of $273.9 million.

For the full year, Dycom reported a loss of $53.2 million, or $1.35 per share, on revenue of $1.11 billion, compared with a profit in the previous year of $21.7 million, or 54 cents per share, on revenue of $1.23 billion.

Shares closed earlier up 2 cents at $14.18.

Copyright 2009 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DY $48.65 -0.69%
AAPL $131.40 0.86%
FB $82.16 0.77%
GOOG $555.42 -1.70%
TSLA $232.56 6.50%


DOW 18,062.49 -17.65 -0.10%
S&P 500 2,111.27 -6.42 -0.30%
NASDAQ 5,060.6530 -31.4320 -0.62%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs