Daktronics Stock Price Up 8.3% Following Better-Than-Expected Earnings (DAKT)
Daktronics (NASDAQ:DAKT)’s share price rose 8.3% on Tuesday after the company announced better than expected quarterly earnings, Stock Ratings Network reports. The company traded as high as $12.99 and last traded at $12.99, with a volume of 290,065 shares. The stock had previously closed at $11.99.
The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.01. The company had revenue of $166.60 million for the quarter. During the same quarter in the previous year, the company posted $0.13 earnings per share. The company’s revenue for the quarter was up 20.1% on a year-over-year basis.
The stock’s 50-day moving average is $11.56 and its 200-day moving average is $12.89. The company has a market cap of $561.1 million and a P/E ratio of 23.51.
Daktronics, Inc is a supplier of electronic scoreboards, large electronic display systems and related marketing services, digital messaging solutions, software and services for sporting, commercial and transportation applications.
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