Shares of Dycom Industries Inc (NYSE:DY) rose after the company reported better-than-expected Q3 FY24 results. Contract revenue was $1.136 billion, a 4.6% increase year-over-year on a non-GAAP organic basis, surpassing the consensus of $1.070 billion. EPS improved to $2.82 from $1.80, beating the consensus of $1.78. Non-GAAP adjusted EBITDA increased to $166.8 million, with margins expanding to 14.7%. The company also provided a positive Q4 FY24 outlook, expecting contract revenues to be in line with the previous year and forecasting a 75 to 125 basis point increase in Non-GAAP adjusted EBITDA margin year-over-year. Dycom's stock is up 10.79% in premarket trading.