Daktronics gains on Q1 earnings surprise
Shares of Daktronics, Inc. (Nasdaq:DAKT) are gaining ground after the large screen video displays provider this morning posted fiscal first-quarter results that trumped analysts’ estimates and issued encouraging guidance.
Results were owed to order growth across all segments domestically and internationally.
Additionally, backlog was reported at $173 million end of the first quarter, compared with a backlog of approximately $142 million a year earlier.
Shares gained 11.4%, or $2.07, to $20.18 ahead of the opening bell. For detailed price information and news stories on Daktronics, click DAKT.
