Dycom Industries Reports In-Line EPS; Revs Slightly Beat (DY)

Dycom Industries Inc. DY reports Q2 EPS of $0.12 versus estimates of $0.12. Dycom Industries Inc. reports revenues of $281.5 million versus estimates of $273.80 million. Revenues increased 4.4% year over year. “For the fiscal year ended July 25, 2009, Non-GAAP income from continuing operations excludes a pre-tax goodwill impairment charge of $94.4 million, a pre-tax gain of approximately $3.0 million related to the buyback of $14.65 million aggregate principal amount of the company's senior subordinated notes, the write-off of $0.6 million of deferred financing costs in connection with the replacement of the company's credit facility during the prior year, and a reduction of interest and income tax expenses of $0.3 million and $1.4 million, respectively, related to the reversal of certain income tax related liabilities no longer required.” Shares of DY are bid lower in the after-hours