Daktronics (DAKT) Misses Q2 EPS by 12c
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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
