Daktronics Q4 EPS In Line With Last Year, Misses Estimates - Quick Facts

(RTTNews) - Daktronics, Inc. (DAKT) Wednesday reported fourth-quarter net earnings of $1.83 million or $0.04 per share, compared to $1.84 million or $0.04 per share last year.

On average, three analysts polled by Thomson Reuters expected the company to report profit per share of $0.14 for the quarter. Analysts' estimates typically exclude special items.

Net sales for the period rose to $136.2 million from $124.5 million in the year-ago period, due to the increase in orders and a larger backlog at the beginning of the quarter. Analysts expected revenue of $139 million for the quarter.

Order volume was up 20.9 percent year-over-year, due to order increases in the Live Events business unit and International business unit which offset a decrease in the Commercial business unit for the period.

Further, the board approved a regular quarterly dividend of $0.10 per share payable June 13, 2014 to holders of record at the close of business on June 2, 2014.