Dycom issues 4Q guidance mostly above estimates

Dycom Industries Inc., a telecommunications contractor, on Tuesday issued a fiscal fourth-quarter earnings guidance mostly above Wall Street's estimates.

The company forecast earnings from continuing operations between 18 cents and 23 cents per share. The estimate includes pretax stock-based compensation expense of about $1.1 million.

The company forecast revenue between $305 million and $325 million.

Analysts polled by Thomson Financial, on average, estimate earnings of 19 cents per share on sales of $314 million.

Dycom does not expect discontinued operations to have a material impact on the quarter.

Shares added 3 cents to close at $15.89. In aftermarket activity, the stock rose another $1.21, or 7.6 percent, to $17.10. The stock has ranged from $11.12 to $34.13 over the past year.