Daktronics Q2 EPS $0.05 Misses $0.13 Estimate, Sales $199.37M Miss $213.70M Estimate
Portfolio Pulse from Benzinga Newsdesk
Daktronics Inc. (DAKT) reported Q2 earnings of $0.05 per share, missing the consensus estimate of $0.13 by 61.54%. Sales were $199.37M, also below the expected $213.70M, marking a 6.71% miss. However, these figures represent a 117.24% increase in earnings and a 6.36% increase in sales compared to the same period last year.
December 05, 2023 | 12:32 pm
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Daktronics Inc. reported lower-than-expected Q2 earnings and sales, with EPS at $0.05 versus the $0.13 estimate and sales at $199.37M against the $213.70M estimate.
Missing both earnings and sales estimates is likely to negatively impact investor sentiment and could lead to a short-term decline in Daktronics' stock price. The significant miss on the EPS estimate, coupled with a sales miss, typically results in bearish market behavior for the stock.
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