Telecoms Down as Strong Economic Data Seen Boosting Rates -- Telecoms Roundup

Envoyer par e-mail
08/30/2017 | 08:48 pm

Shares of telecommunications companies ticked lower as strong economic data hastened a rotation into more cyclical areas.

Shares of Dycom slid after the telecom-equipment construction company posted quarterly earnings short of some investors' expectations.

Analysts at brokerage FBR Capital said the struggles in the latest quarter were a mere "hiccup," reflecting AT&T's moderation in spending around the close of its deal to acquire Time Warner.

Rob Curran, [email protected]

Envoyer par e-mail