Why Dycom Industries Stock Withered by Almost 5% on Wednesday

It isn't easy for either people or companies to get over an average Hump Day. One exception today was telecom and utility industry contracting-services provider Dycom Industries (NYSE: DY). The company's shares closed almost 5% higher in price thanks to a well-received quarterly earnings report. That jump looked especially impressive next to the S&P 500 index's 0.2% dip on the day. Dycom's second quarter of fiscal 2026 saw the company reach a fresh, all-time high for revenue, with the top line expanding by 15% year over year to nearly $1.38 billion. Speaking of expansion, Dycom managed to boost its generally accepted accounting principles (GAAP) net income figure by 43% to $97.5 million, or $3.33 per share. Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool