Daktronics Inc. (NASDAQ:DAKT) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Daktronics Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $0.04 in the quarter versus EPS of $-0.01 in the year-earlier quarter.
Revenue: Rose 11.17% to $124.5 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Daktronics Inc. reported adjusted EPS income of $0.04 per share. By that measure, the company missed the mean analyst estimate of $0.07. It beat the average revenue estimate of $123 million.
Quoting Management: “Our fourth quarter and fiscal 2013 financial performance improved over fiscal 2012. We are pleased with the improvements in our operating income and plan to continue working on increasing operating income in fiscal 2014,” said Jim Morgan, president and chief executive officer.
Key Stats (on next page)…