Daktronics 1Q EPS 24 cents a share; sales up to $161.2 million

Tue. August 26, 2008; Posted: 08:43 AM

NEW YORK, Aug 26, 2008 (Thomson Financial via COMTEX) -- DAKT | Quote | Chart | News | PowerRating -- Daktronics Inc. Tuesday reported first-quarter net income of $9.7 million, or 24 cents a share, while sales rose to $161.2 million.

The mean estimate of analysts polled by Thomson Reuters was for earnings of 17 cents a share and revenue of $141.5 million.

In the year-ago period, the company reported net income of $7.1 million, or 17 cents a share, on sales of $120.9 million.

Daktronics expects its 2009 revenue to rise more than 20% over 2008.

Shares of Daktronics closed Monday at $18.11. The stock is down 32% over the past 52 weeks. Ryan Vlastelica rv/cm

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For full details on Daktronics Inc (DAKT) click here. Daktronics Inc (DAKT) has Short Term PowerRatings of 5. Details on Daktronics Inc (DAKT) Short Term PowerRatings is available at This Link.

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