Daktronics (DAKT) Misses Q4 EPS by 4c, Miss on Revenues

Daktronics (NASDAQ: DAKT) reported Q4 EPS of $0.02, $0.04 worse than the analyst estimate of $0.06. Revenue for the quarter came in at $143.7 million versus the consensus estimate of $145.1 million.

Outlook

Kurtenbach continued, "As we enter into fiscal 2018, we see the video display business continuing to expand due to market adoption of video in various applications, and expansion of the market due to lowered price points as compared to past years. While competition remains strong across our markets, we expect continued success in growing our business over the long-term. To deliver value to our customers and serve the markets expectations, we plan to continue to increase the level of investments in new or enhanced customer solutions during fiscal 2018. This will improve our overall product line-up creating opportunities to capture a broader customer base."

For earnings history and earnings-related data on Daktronics (DAKT) click here.

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