Re: Brain/Brawn -- Dycom Industries Q4 Numbers
Thread,
The analysts were expecting $.42/share and Dycom(sym: DY) just reported $.53/share.
For those that don't know, Dycom is a broadband infrastructure play. The cablecos and telcos contract out the nitty gritty work to companies like Dycom. It's growth is indicative of the upgrading needed to the 100 year old twisted copper pair and 50(?) year old coaxial networks.
MikeM(From Florida)
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Dycom Announces Fiscal 1999 Fourth Quarter Earnings And Twelve-Month Operating Results
PALM BEACH GARDENS, Fla., Aug. 30 -- Dycom Industries, Inc. announced its operating results today for the fourth quarter ended July 31, 1999. The Company reported profit before income taxes for the fourth quarter ended July 31, 1999 of $22,637,000, an increase of 94.8% over the comparable quarter of fiscal 1998.
For the quarter ended July 31, 1999, net income was $13,539,000, or $0.53 per common share diluted, on total revenues of $144,331,000 as compared to net income of $7,089,000, or $0.32 per common share diluted, on total revenues of $101,593,000 for the corresponding period ended July 31, 1998.
For the twelve months ended July 31, 1999, net income was $36,450,000, or $1.55 per common share diluted, on total revenues of $473,453,000 versus pro forma net income of $21,661,000, or $1.01 per common share diluted on total revenues of $371,363,000 for the corresponding period ending July 31, 1998. |
