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Daktronics Inc. Q1 Profit Drops

Daktronics Inc. (DAKT) released earnings for first quarter that declined from the same period last year.

The company's bottom line came in at $4.57 million, or $0.10 per share. This compares with $8.43 million, or $0.19 per share, in last year's first quarter.

Analysts had expected the company to earn $0.15 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 10.7% to $154.19 million from $172.73 million last year.

Daktronics Inc. earnings at a glance:

-Earnings (Q1): $4.57 Mln. vs. $8.43 Mln. last year.
-EPS (Q1): $0.10 vs. $0.19 last year.
-Analysts Estimate: $0.15
-Revenue (Q1): $154.19 Mln vs. $172.73 Mln last year.

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