Benzinga | Aug 26, 2020 08:06AM EDT

Recap: Daktronics Q1 Earnings

Shares of Daktronics (NASDAQ:DAKT) moved higher by 4% in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share increased 6.25% year over year to $0.17, which beat the estimate of $0.06.

Revenue of $143,644,000 decreased by 20.31% from the same period last year, which missed the estimate of $165,410,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Revenue guidance hasn't been issued by the company for now.

Price Action

52-week high: $7.95

Company's 52-week low was at $3.69

Price action over last quarter: down 10.20%

Company Description

Daktronics Inc designs and manufactures electronic scoreboards, programmable display systems, and large screen video displays for sporting, commercial and transportation applications. It is engaged in a full range of activities: marketing and sales, engineering and product design and development, manufacturing, technical contracting, professional services, and customer service and support. The company offers a complete line of products, from small scoreboards and electronic displays to large multimillion-dollar video display systems as well as related control, timing, and sound systems.