Dycom Pops on Big Earnings

Finished up 13.5% on the day. From Motley Fool contributor Daniel Miller:

What: Dycom Industries Inc. (NYSE:DY) provides telecommunications companies specialty contracting services – including engineering, construction, maintenance and installation – in the U.S. and Canada. Shares of the company are jumping 10% higher today after the company released its fiscal 2016 third-quarter results.

So what: Looking at the top and bottom lines, investors were clearly happy with both results. The company’s revenue checked in at $664.6 million during the fiscal 2016 third quarter compared to analysts’ estimates of about $598 million. That solid top-line growth filtered down to the bottom line, too.

After missing estimates last quarter, Dycom rebounded by posting adjusted earnings per share of $1.08 during the fiscal 2016 third quarter. That beat consensus estimates from Zacks Investment Research by a whopping 44%.

Read the whole thing at http://www.fool.com/investing/2016/05/25/shares-of-dycom-ind…

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