Needham & Company Remains Bullish on Daktronics (DAKT) Despite a Sell Off Following 3Q Miss
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Daktronics, Inc. Announces Third Quarter Fiscal 2016 Results
February 23, 2016 7:30 AM ESTBROOKINGS, S.D., Feb. 23, 2016 (GLOBE NEWSWIRE) -- Daktronics, Inc. (NASDAQ: DAKT) today reported fiscal 2016 third quarter net sales of $123.8 million, an operating loss of $5.5 million, and a net loss of $2.0 million, or $(0.04) per diluted share, compared to net sales of $118.1 million, an operating loss of $1.6 million, and net income of $0.6 million, or $0.01 per diluted share, for the third quarter of fiscal 2015. Fiscal 2016 third quarter orders were $116.9 million, compared to $125.7 million for the third quarter of fiscal 2015. Backlog at the end of the fiscal 2016 third quarter was $176.3 million, compared with a backlog of... More
