Dycom Industries gain after Q1 profit forecast tops estimates

Shares of telecommunications contractor Dycom Industries DY.N rise more than 5% to $425 premarket

Co forecasts Q1 adjusted profit between $2.57 and $2.90 per share, midpoint of which is above analysts' estimate of $2.65 per share - data compiled by LSEG

Reports Q4 adjusted profit of $2.03/share vs estimate of $1.73/share

Q4 contract revenue rose 34.4% to $1.46 billion from a year earlier

As of last close, stock had risen 19.4% YTD