Dycom Industries Inc (DY) stock plummeted by 5.04% on Wednesday in the intraday trading session, despite the company reporting better-than-expected earnings results for its fiscal fourth quarter 2025.
Dycom reported adjusted earnings per share of $1.17 for the quarter ended January 31, surpassing the consensus estimate of $0.90. The company's revenue also rose 13.9% year-over-year to $1.08 billion, exceeding analysts' expectations of $1.03 billion.
However, the company's guidance for the first quarter of fiscal 2026 overshadowed the strong results. Dycom projected revenue in the range of $1.16 billion to $1.2 billion, falling short of the consensus estimate of $1.26 billion. This weaker-than-anticipated revenue outlook raised concerns among investors, leading to a significant selloff in the stock.