Daktronics Inc (DAKT)

Shares of Daktronics Inc. (DAKT) dropped by 14.15% from $10.25 to $8.80 in the trading on Tuesday, December 5, 2023. The reason why DAKT is down today is due to the company's disappointing earnings report. Daktronics reported its fiscal second-quarter results for the period ending October 28, with revenue increasing by 6.4% year-over-year to $199.4 million. The company achieved net income of $2.2 million, translating to earnings of $0.05 per share. While Daktronics improved from a loss of $0.29 per share in the same period the previous year, its performance failed to meet Wall Street's expectations. Analysts had anticipated earnings of $0.13 per share and revenue closer to $213 million.