said Monday that fiscal second-quarter earnings exceeded Wall Street's significantly lowered expectations.
The company said income for the quarter totaled $13.1 million, or 31 cents a share, on contract revenue of $195.8 million in the quarter. Nine analysts polled by
First Call/Thomson Financial
were calling for the company to earn 29 cents in the period.
Dycom, a provider of engineering and maintenance services to telecommunications companies, earned $14.4 million, or 34 cents a share, on revenue of $177.2 million in the year-ago period.
In late January the company said it expected earnings to be between 28 cents and 31 cents, well below the 39-cent consensus estimate at the time. The company also said that revenue should be between $190 million and $195 million, 8% to 10% lower than previously expected.