Why Daktronics Stock Is Shooting Higher Today
Portfolio Pulse from Nabaparna Bhattacharya
Daktronics, Inc. (NASDAQ:DAKT) reported a 29.4% YoY increase in Q4 FY23 revenue to $209.86 million, beating the analyst consensus. The company's Q4 EPS was $0.47, also surpassing the consensus. Despite a 37.2% slump in quarterly orders, the company's gross margin expanded to 24.8% due to strategic pricing and increased productivity. The company plans to invest in high-return projects and technologies, expecting strong fiscal 2024.
July 12, 2023 | 2:58 pm
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Daktronics reported strong Q4 FY23 results, beating analyst expectations for both revenue and EPS. The company's stock is likely to be positively impacted.
Daktronics reported strong Q4 FY23 results, with revenue and EPS both beating analyst expectations. This positive financial performance, along with the company's optimistic outlook for fiscal 2024, is likely to boost investor confidence and drive the stock price higher in the short term.
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RELEVANCE 100