UPDATE: Daktronics Reports Weaker-Than-Expected Q1 Results

Daktronics Inc DAKT reported downbeat Q1 results. Daktronics reported its quarterly net income at $3.4 million, or $0.08 per share, up from $2.4 million, or $0.06 per share, in the year-ago period. Its revenue surged 18% to $118.7 million. However, analysts were expecting earnings of $0.11 per share on revenue of $119.8 million. Daktronics shares gained 2.26% to close at $8.60 yesterday.