India, May 27 -- Dycom Industries, Inc. (DY) shares soared 27.42 percent to $535.28, up $114.81 on Wednesday, after the telecommunications infrastructure contractor reported sharply higher first-quarter earnings and raised its full-year revenue guidance.
The stock is currently trading at $535.28, compared with a previous close of $420.47 on the New York Stock Exchange. It opened at $535.50 and traded between $534.99 and $566.47 during the session, with volume reaching 659,122 shares versus average daily volume of 439,520 shares.
Dycom Industries reported first-quarter net income of $91.29 million, up from $61.05 million a year earlier. Earnings per share increased to $3.00 from $2.09 in the prior-year quarter. The company also raised its ...