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Stock Market & Financial Investment News

News Breaks
February 26, 2014
07:53 EDTDAKTDaktronics awarded $1.2M contract from Bay Area Rapid Transit
Daktronics has been chosen to provide $1.2M worth of 6mm pitch LED displays for San Francisco Bay Area Rapid Transit in California. BART's initial purchase of displays will be installed as part of the passenger information system along the new Warm Springs, San Jose Berryessa and East Contra Costa extensions. The Warm Springs extension is set to open to the public in December of 2015.
News For DAKT From The Last 14 Days
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February 24, 2015
07:36 EDTDAKTDaktronics cuts FY15 capital usage projection by $2M
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07:35 EDTDAKTDaktronics reports Q3 EPS 1c, consensus 9c
Reports Q3 revenue $118.1M, consensus $128.7M. The company said: ""While our third quarter is historically our lightest for revenue, this year we also experienced an operating loss for the quarter, which is uncommon. We were able to grow sales by 2.4% during the quarter as compared to fiscal 2014, but at a lower gross profit margin rate. A portion of the quarter-over-quarter margin decline is due to higher fixed costs in our manufacturing and services departments. Some of this increase is due to overall salary and benefit increases and a portion relates to the additional operating costs of Data Display, which was acquired in the second quarter. Margins continued to be impacted by the overall competitiveness in the market place as well as the sales mix. In the third quarter, we worked on larger-dollar projects which typically have lower margins due to the competition of the bid and the installation service mix. Orders declined for the third quarter of fiscal 2015 compared to the third quarter of fiscal 2014. Order swings by quarter are not unusual and are often caused by specific large project transactions, especially in our Live Events, Commercial, and International business units."

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