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Stock impact report

Daktronics CEO Signals Confidence With Strong Backlog And Orders, Stocks Soars [Yahoo! Finance]

Daktronics, Inc. (DAKT) 
Last daktronics, inc. earnings: 5/29 07:30 am Check Earnings Report
US:NASDAQ Investor Relations: investor.daktronics.com
Company Research Source: Yahoo! Finance
of $16.5 million, or $0.33 per diluted share, compared with a net loss of $4.9 million, or $0.11 per share, in the prior-year period. Adjusted earnings of $0.33 per share topped the $0.25 consensus estimate. Revenue was $218.972 million, down 3.1% from last year but above the $213.412 million estimate. Adjusted net income was $16.5 million, up from $16.6 million a year earlier. Gross margin improved to 29.7% from 26.4%, supported by manufacturing efficiencies, value-based pricing, and a favorable product mix. Also Read: Vontier Seen Riding IoT Boom And Recurring Revenue Growth To Stronger Earnings, Analyst Says Operating profit rose to $23.3 million, with an operating margin of 10.6%, up from 10.0% in the prior year. Operating expenses increased to $41.8 million from $37.0 million, reflecting higher investments in IT, product efficiency, and growth initiatives. Orders climbed 35.4% year over year to $238.5 million, the third-highest quarterly total in company history. Backlo Show less Read more
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