Daktronics, Inc. Announces Second Quarter Fiscal 2016 Results
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Daktronics (DAKT) Miss Mostly due to Outdoor Live Events Business; Needham & Company Cuts Price Target to $9.50
November 25, 2015 8:38 AM ESTNeedham & Company maintained a Buy rating on Daktronics (NASDAQ: DAKT), and cut the price target to $9.50 (from $10.00), following the company's 2Q earnings report. EPS came in at $0.07, well below consensus' $0.19 estimate. The shortfall was mostly in the outdoor portion of the Live Events business, where DAKT experienced delays in a new product design that will be... More
Daktronics (DAKT) Misses Q2 EPS by 12c
November 24, 2015 9:29 AM ESTDaktronics (NASDAQ: DAKT) reported Q2 EPS of $0.07, $0.12 worse than the analyst estimate of $0.19. Revenue for the quarter came in at $157.7 million versus the consensus estimate of $174.83 million.
Backlog at the end of the fiscal 2016 second quarter was $184.2 million, compared with a backlog of... More
