Investing.com - Daktronics reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Daktronics announced earnings per share of $-0.12 on revenue of $171.9M. Analysts polled by Investing.com anticipated EPS of $0.02 on revenue of $166.44M.
Daktronics shares are up 101.67% from the beginning of the year , still down 47.37% from its 52 week high of $6.08 set on Wednesday, September 1, 2021. They are outperforming the S&P/TSX which is down 8.92% year to date.
Daktronics follows other major Information Technology sector earnings this month
Daktronics's report follows an earnings beat by NVIDIA on Wednesday, August 24, 2022, who reported EPS of $0.51 on revenue of $6.7B, compared to forecasts EPS of $0.4991 on revenue of $6.7B.
Cisco had beat expectations on Wednesday, August 17, 2022 with fourth quarter EPS of $0.83 on revenue of $13.1B, compared to forecast for EPS of $0.8162 on revenue of $12.73B.
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