For the three months ended May 2, the company posted net income of 17 cents per share, a dramatic shift from the 19-cent loss recorded during the same period last year. Excluding one-time items, earnings reached 27 cents a share, comfortably beating the 20-cent estimate set by FactSet analysts. Total net sales reached $208.6 million, exceeding market projections of $205.3 million.
In section Market Quotes
Daktronics Surges Following Sharp Quarterly Profit Rebound
Shares of Daktronics jumped 6.4% to $21.40 in premarket trading Wednesday, signaling investor confidence after the video display manufacturer reported a significant turnaround. The company swung to an $8.4 million profit for the fiscal fourth quarter, easily outpacing Wall Street expectations as sales climbed 21% over the previous year.
Chief Executive Ramesh Jayaraman attributed the growth to accelerated backlog conversion and consistent customer demand. The improved bottom line also reflects a shift toward disciplined inventory management, pricing adjustments, and more efficient supply chain execution. Following these results, the stock maintains a strong momentum, having risen roughly 32% over the past twelve months.
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