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

Features Dow Jones Newswires

Shares of telecommunications companies ticked lower as strong economic data hastened a rotation into more cyclical areas.

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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, rob.curran@dowjones.com

(END) Dow Jones Newswires

August 30, 2017 16:48 ET (20:48 GMT)