Contract revenue declines on an organic basis
- Dycom Industries’ earnings slipped in its fiscal fourth quarter
- Profit of $23.4 million, compared to $24.8 million last year
- Earnings per share were 79 cents, missing analyst expectations
- Contract revenue rose to $952.5 million, but fell 2.5% on an organic basis
- Organic contract revenue expected to be down slightly in the first quarter
Dycom Industries reported a slip in earnings for its fiscal fourth quarter. The company posted a profit of $23.4 million, compared to $24.8 million in the same quarter last year. Earnings per share were 79 cents, falling short of analyst expectations. Contract revenue rose to $952.5 million, but on an organic basis, it fell 2.5%. Analysts had forecasted revenue of $969 million. Dycom Industries expects organic contract revenue to be slightly down in the first quarter, with growth resuming in the following quarter.
Factuality Level: 8
Factuality Justification: The article provides specific details about Dycom Industries’ earnings in its fiscal fourth quarter, including profit, earnings per share, and contract revenue. It also includes information about analyst expectations and the company’s outlook for future quarters. The information presented is clear and factual without any obvious bias or misleading statements.
Noise Level: 3
Noise Justification: The article provides relevant information about Dycom Industries’ earnings in its fiscal fourth quarter, including profit, earnings per share, and contract revenue. It also compares the results with analyst expectations. The article stays on topic and supports its claims with data. However, it lacks in-depth analysis, antifragility considerations, and accountability of powerful people.
Financial Relevance: Yes
Financial Markets Impacted: Dycom Industries
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to the financial performance of Dycom Industries, a telecommunications contractor. There is no mention of any extreme event or impact on financial markets.
Public Companies: Dycom Industries (DY)
Key People:
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