Why Daktronics Stock Jumped Today

Shares of Daktronics (NASDAQ: DAKT) surged higher on Wednesday, powered by an impressive earnings report. The stock rose as much as 21.3% in the early morning, settling back to a 14.1% gain by 1:35 p.m. ET.Fiscal second-quarter sales rose 4.5% year over year, landing at $208 million. Daktronics reported an adjusted net income of $13.9 million, or $0.27 per diluted share, for the period ended Oct. 26, matching the year-ago figure.Wall Street doesn't always have consensus estimates for this hidden gem's upcoming results, and management doesn't provide guidance targets. The modest year-over-year sales increase and steady earnings per share may seem disappointing without that context, but it should be noted that the year-ago period was a soaring success. At the time, Daktronics was roaring back from slow orders in the deepest, darkest part of the inflation crisis.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool