Daktronics, Inc. Announces Third Quarter Fiscal 2016 Results
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Needham & Company Remains Bullish on Daktronics (DAKT) Despite a Sell Off Following 3Q Miss
February 24, 2016 9:07 AM ESTNeedham & Company maintained a Buy rating on Daktronics (NASDAQ: DAKT), and cut the price target to $9.00 (from $9.50), following the company's 3Q earnings report. Revenues for the seasonally weak FQ3 increased to $123.8M, modestly above consensus estimates of $122.5. However, the company posted an unexpected loss of ($0.04), versus a consensus EPS of... More
Daktronics (DAKT) Misses Q3 EPS by 6c
February 23, 2016 7:33 AM ESTDaktronics (NASDAQ: DAKT) reported Q3 EPS of ($0.04), $0.06 worse than the analyst estimate of $0.02. Revenue for the quarter came in at $123.8 million versus the consensus estimate of $125.25 million.
Reece Kurtenbach, chairman, president and chief executive officer stated, Our third quarter is historically a lighter quarter for sales and profits due to the seasonality of our business in sports, impact of weather and outdoor construction cycles, and the decrease in production days available due to holidays in... More
