Dycom Industries Slips To Loss In Q2 - Quick Facts

(RTTNews) - Dycom Industries Inc. (DY) Tuesday reported second-quarter net loss of $3.1 million or $0.09 per share, compared to net income of $1.5 million or $0.04 per share in the same period last year.

Non-GAAP earnings for the latest second quarter was $0.15 per share. On average, seven analysts polled by Thomson Reuters expected the company to report a loss of $0.09 per share for the quarter. Analysts' estimates typically exclude special items.

Contract revenues increased to $390.52 million from $369.33 million last year. Analysts expected revenues of $394.25 million.

Looking ahead to the third quarter, the company has forecast earnings in the range of $0.19 to $0.26 per share, with revenues ranging between $415.0 million and $435.0 million. Analysts currently expect the company to earn $0.22 per share on third-quarter revenues of $440.35 million.