Daktronics (NASDAQ: DAKT) reported Q1 EPS of $0.10, $0.05 worse than the analyst estimate of $0.15. Revenue for the quarter came in at $154.2 million versus the consensus estimate of $168.52 million.

Product order backlog at the end of the fiscal 2019 first quarter was $177 million, compared to a backlog of $184 million a year earlier and $171 million at the end of the fourth quarter of fiscal 2018.(1)

Outlook

Kurtenbach added, “While we remain optimistic about long-term growth in the digital display industry, most of us are aware the current global tariff and trade environment is very dynamic. The current financial impact to us is related to the volatility in pricing and demand of aluminum, electrical, and other components. We would expect some of the measures being contemplated by various governments could have a financial impact in future quarters. We will continue to monitor the situation and take action as necessary. We are focused on winning more orders and continuing our velocity in product development, as well as quality and reliability programs. In addition, we are carefully managing our operational spend as we continue on our path to long-term profitable growth.”

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