Needham & Company Raises Price Target on Daktronics (DAKT) Following 2Q
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Daktronics, Inc. Announces Second Quarter Fiscal 2017 Results
November 22, 2016 7:30 AM ESTBROOKINGS, S.D., Nov. 22, 2016 (GLOBE NEWSWIRE) -- Daktronics, Inc. (NASDAQ: DAKT) today reported fiscal 2017 second quarter net sales of $170.0 million, operating income of $12.7 million, and net income of $9.0 million, or $0.20 per diluted share, compared to net sales of $157.7 million, operating income of $5.6 million, and net income of $3.2 million, or $0.07 per diluted share, for the second quarter of fiscal 2016. Fiscal 2017 second quarter orders were $116.9 million, compared to $135.6 million for the second quarter of fiscal 2016. Backlog at the end of the fiscal 2017 second quarter was $142 million, compared with a backlog of $184... More
