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Stock Market & Financial Investment News

News Breaks
December 3, 2012
17:30 EDTPWR, DYDycom sees Quanta Services acquisitions accretive to revenue, EPS in 2013
Dycom Industries (DY) announced that it has completed its acquisition of the telecommunications infrastructure services subsidiaries of Quanta Services (PWR) for $275M in cash plus an adjustment estimated to be $25M-$40M for working capital and other specified items. The acquired subsidiaries are currently expected to produce calendar year 2013 revenues ranging from $400M-$450M. Excluding one-time transaction and integration costs of approximately $12M-$15M, the acquisition is currently expected to produce 5c-10c per share of earnings accretion next calendar year, inclusive of interest expense associated with the acquisition financings and non-cash amortization expense.
News For DY;PWR From The Last 14 Days
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February 8, 2016
05:46 EDTPWRQuanta Services downgraded to Neutral from Buy at UBS
UBS analyst Steven Fisher downgraded Quanta Services to Neutral on expectations the pace of electric transmission activity will slow going forward. The analyst expects the stock to trade with oil and cut his price target for the shares to $20 from $24.
February 3, 2016
07:51 EDTPWREngineering stock selloff on oil overdone, says JPMorgan
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