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

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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]





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