Daktronics Inc. Reports 47% Increase In Q1 Bottom Line

(RTTNews) - Daktronics Inc. (DAKT) revealed earnings for its first quarter that advanced from last year.

The company said its bottom line rose to $5.54 million, or $0.13 per share. This was higher than $3.78 million, or $0.09 per share, in last year's first quarter.

Analysts had expected the company to earn $0.05 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 4.6% to $157.15 million. This was up from $150.22 million last year.

Daktronics Inc. earnings at a glance:

-Earnings (Q1): $5.54 Mln. vs. $3.78 Mln. last year. -Earnings Growth (Y-o-Y): 46.6% -EPS (Q1): $0.13 vs. $0.09 last year. -EPS Growth (Y-o-Y): 44.4% -Analysts Estimate: $0.05 -Revenue (Q1): $157.15 Mln vs. $150.22 Mln last year. -Revenue Change (Y-o-Y): 4.6%