06:31 AM EDT, 05/22/2024 (MT Newswires) -- Dycom Industries ( DY ) reported fiscal Q1 earnings Wednesday of $2.12 per diluted share, up from $1.73 a year earlier.

Analysts polled by Capital IQ expected $1.51.

Contract revenue for the quarter ended April 27 was $1.14 billion, up from $1.05 billion a year earlier.

Analysts surveyed by Capital IQ expected $1.09 billion.

The company said it expects contract revenue for fiscal Q2 to grow "by high-single digits as a percentage," compared with a year earlier.

Shares of the company were up more than 4% in recent Wednesday premarket activity.

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