Dycom Industries (DY) Slides on Q2 Earnings

Dycom Industries, Inc.

shares fell 8.3% to $54.65 after the company reported weaker-than-expected earnings for its second quarter. Management announced that the company's Board of Directors approved an additional $50 million to repurchase shares, and that Eitan Gertel was appointed as a director. Share volume was 268,000, or double its all-day average