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Stock impact report

Daktronics Shares Rise After Company Reports 3Q Financial Results [MarketWatch]

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: MarketWatch
In early afternoon trading, the stock was up 7.8% at $8.77. Volume topped 1 million shares, above the stock's 65-day average volume of 654,341 shares. Advertisement Before the bell Wednesday, Daktronics reported third-quarter earnings per share of 9 cents on sales of $170.3 million. In the year-ago period, the company reported EPS of 8 cents on sales of $184.9 million. "The year-ago period's record revenue was driven by high backorder fulfillment as a result of recovery from pandemic-related supply chain challenges and labor availability," Daktronics said. The company also said new product and service orders in the quarter were $192.1 million, a 29.4% increase from the year-ago period. Daktronics said it expects fiscal 2024 fourth-quarter net sales will increase sequentially as compared with the third quarter but be lower than the year-ago period, which was "a high-volume period in which we were fulfilling backorders related to pandemic recovery." Daktronics designs and m Show less Read more
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