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 September 1, 2021. They are outperforming the S&P/TSX which is down 8.92% from the start of the year.
Daktronics follows other major Information Technology sector earnings this month
Daktronics's report follows an earnings beat by NVIDIA on August 24, 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 August 17 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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