Daktronics Inc. Reports 52% Increase In Q1 Earnings

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

The company said its bottom line climbed to $8.43 million, or $0.19 per share. This was higher than $5.54 million, or $0.13 per share, in last year's first quarter.

Analysts had expected the company to earn $0.14 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 9.9% to $172.73 million. This was up from $157.15 million last year.

Daktronics Inc. earnings at a glance:

-Earnings (Q1): $8.43 Mln. vs. $5.54 Mln. last year. -Earnings Growth (Y-o-Y): 52.2% -EPS (Q1): $0.19 vs. $0.13 last year. -EPS Growth (Y-o-Y): 46.2% -Analysts Estimate: $0.14 -Revenue (Q1): $172.73 Mln vs. $157.15 Mln last year. -Revenue Change (Y-o-Y): 9.9%