Daktronics Inc. Profit Falls 21% In Q2

(RTTNews) - Daktronics Inc. (DAKT) revealed earnings for second quarter that retreated from last year.

The company said its profit fell to $7.13 million, or $0.16 per share. This was lower than $9.02 million, or $0.20 per share, in last year's second quarter.

Analysts had expected the company to earn $0.17 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 0.4% to $169.31 million. This was down from $169.99 million last year.

Daktronics Inc. earnings at a glance:

-Earnings (Q2): $7.13 Mln. vs. $9.02 Mln. last year. -Earnings Decline (Y-o-Y): -21.0% -EPS (Q2): $0.16 vs. $0.20 last year. -EPS Decline (Y-o-Y): -20.0% -Analysts Estimate: $0.17 -Revenue (Q2): $169.31 Mln vs. $169.99 Mln last year. -Revenue Change (Y-o-Y): -0.4%