Daktronics gains on Q1 earnings surprise
Shares of Daktronics, Inc. (Nasdaq:DAKT) are gaining ground after the large screen video displays provider this morning posted fiscal first-quarter results that trumped analysts’ estimates and issued encouraging guidance.
Results were owed to order growth across all segments domestically and internationally.
Additionally, backlog was reported at $173 million end of the first quarter, compared with a backlog of approximately $142 million a year earlier.
Shares gained 11.4%, or $2.07, to $20.18 ahead of the opening bell. For detailed price information and news stories on Daktronics, click DAKT.
About the Author
Reporter Jennifer Schonberger is based in SmallCapInvestor.com's Washington, D.C. bureau.
Read More
(click a star)
Enter comment: