Dycom Industries may not be a household name, but behind the scenes, it does a lot of heavy lifting for the telecommunications industry. So its unusual earnings miss Tuesday night could mean the telephone, cable and utility companies that are its customers are having troubles of their own.
AT&T exceeded Wall Street's revenue expectations and hit its mark for earnings in the third quarter. The telecom said it activated 5.2 million iPhones during the period, the most in a quarter yet.
Verizon Communications said that CFO John F. Killian will retire near the end of this year. No successor was named.
Markets in Asia closed higher Friday. Japan's Nikkei 225 Index added 0.3%. In Hong Kong the Hang Seng Index climbed 1.6% and the Shanghai Composite Index rose 0.9% after an announcement that China will invest $58.6 billion in 3G mobile-phone services sent telecom shares surging.
