Daktronics Inc. Reveals 59% Retreat In Q2 Bottom Line

(RTTNews) - Daktronics Inc. (DAKT) announced a profit for second quarter that dropped compared to the same period last year.

The company said its earnings dropped to $3.17 million, or $0.07 per share. This was lower than $7.74 million, or $0.18 per share, in last year's second quarter.

Analysts had expected the company to earn $0.19 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 8.9% to $157.67 million. This was down from $173.12 million last year.

Daktronics Inc. earnings at a glance:

-Earnings (Q2): $3.17 Mln. vs. $7.74 Mln. last year. -Earnings Decline (Y-o-Y): -59.0% -EPS (Q2): $0.07 vs. $0.18 last year. -EPS Decline (Y-o-Y): -61.1% -Analysts Estimate: $0.19 -Revenue (Q2): $157.67 Mln vs. $173.12 Mln last year. -Revenue Change (Y-o-Y): -8.9%