Daktronics Inc. Reveals 185% Rise In Q2 Profit

(RTTNews) - Daktronics Inc. (DAKT) reported a profit for its second quarter that rose from last year.

The company said its bottom line climbed to $9.02 million, or $0.20 per share. This was higher than $3.17 million, or $0.07 per share, in last year's second quarter.

Analysts had expected the company to earn $0.11 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 7.8% to $169.99 million. This was up from $157.67 million last year.

Daktronics Inc. earnings at a glance:

-Earnings (Q2): $9.02 Mln. vs. $3.17 Mln. last year. -Earnings Growth (Y-o-Y): 184.5% -EPS (Q2): $0.20 vs. $0.07 last year. -EPS Growth (Y-o-Y): 185.7% -Analysts Estimate: $0.11 -Revenue (Q2): $169.99 Mln vs. $157.67 Mln last year. -Revenue Change (Y-o-Y): 7.8%