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Why Daktronics Stock Jumped Today

TheMotleyFool 
0 0 04.12.24
Why Daktronics Stock Jumped TodayPhoto, wide shot, wide-angle lens, Telecom equipment supplier, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.theapi.app/temp/3967c11c-b755-4d39-87d0-acc853384c80.png
 

Shares of (NASDAQ: DAKT) surged higher on Wednesday, powered by an impressive earnings report. The stock rose as much as 21.3% in the early morning, settling back to a 14.1% gain by 1:35 p.m. ET.

Fiscal second-quarter sales rose 4.5% year over year, landing at $208 million. Daktronics reported an adjusted net income of $13.9 million, or $0.27 per diluted share, for the period ended Oct. 26, matching the year-ago figure.

Wall Street doesn't always have consensus estimates for this hidden gem's upcoming results, and management doesn't provide guidance targets. The modest year-over-year sales increase and steady earnings per share may seem disappointing without that context, but it should be noted that the year-ago period was a soaring success. At the time, Daktronics was roaring back from slow orders in the deepest, darkest part of the inflation crisis.

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Source Fool.com

Daktronics Inc. Stock

€16.90
-0.590%
Daktronics Inc. shows a slight decrease today, losing -€0.100 (-0.590%) compared to yesterday.

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