Daktronics Q3 Sales $170.30M Miss $199.80M Estimate
Portfolio Pulse from Benzinga Newsdesk
Daktronics reported Q3 sales of $170.30M, missing the analyst consensus estimate of $199.80M by 14.76%, marking a 7.93% decrease from the same period last year.
February 28, 2024 | 12:33 pm
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NEGATIVE IMPACT
Daktronics missed Q3 sales estimates, reporting $170.30M against expectations of $199.80M, a 7.93% YOY decrease.
Missing sales estimates by a significant margin and reporting a year-over-year decrease in sales are negative indicators for investor confidence and can lead to a decrease in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100