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Here's Why Dycom (DY) Stock Is Stumbling Today

NEW YORK (TheStreet) -- Shares of Dycom Industries (DY) were falling 7.41% to $85.16 on heavy trading volume Wednesday afternoon after the company posted solid results for the 2016 fiscal fourth quarter, but gave a downbeat outlook for Goodman Networks revenue.

After yesterday's closing bell, the provider of specialty contracting services said revenue from its recently acquired operations of Goodman is projected to be lower-than-anticipated in fiscal 2017.

Dycom forecasts that the operations will produce revenue of about $100...


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