Why Is Dycom Industries Stock Sinking Wednesday?
Dycom (DY) stock dropped 11% as soft Q3 EPS guidance overshadowed strong Q2 beats and record $12.2B backlog.
Dycom beat its recent goals but warned that next quarter might be weaker than expected, which made investors nervous. When a company says things might slow down ahead, people sometimes sell their stock even if the company is doing well right now.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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