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10.22
0.69%
+0.1037
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Why is Daktronics Inc. (DAKT) Stock down?
We've noticed a 6.01% decline in Daktronics Inc. (DAKT) stock during the 2024-04-15 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
05 Dec, 2023:
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.
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