Key Developments For Daktronics Inc
Daktronics Inc (DAKT.O) (Nasdaq)
Daktronics, Inc. Issues Q3 2010 Revenue Guidance Below Analysts' Estimates; Comments On Q4 2010 Revenue Guidance
Daktronics, Inc. announced that due to the level of orders booked in the second quarter of 2010 and the expected bookings early in the third quarter of 2010, it expects the sequential decline in the third quarter of 2010 will be greater than the average of 15%. The Company reported revenue of $115.4 million in the second quarter of 2010. The Company announced that for the third and fourth quarter of 2010, it expects lower gross profit margins resulting from competitive factors and the lower sales levels. According to Reuters Estimates, analysts were expecting the Company to report revenue of $105.00 million for the third quarter of 2010; revenue of $113.00 million for the fourth quarter of 2010.
Daktronics, Inc. Comments On Q2 And Q3 2010 Revenue Outlook
Daktronics, Inc. announced that it expects sequential declines in revenues for the second and third quarters of 2010. According to Reuters Estimates, analysts were expecting the Company to report revenues of $121 million for second quarter of 2010 and revenues of $116 million for third quarter of 2010.
Daktronics, Inc. Introduces New Show Control System
Daktronics, Inc. announced the release of its new Show Control System (SCS), a display control solution that merges operator software, clip playback, live video and deep data integration into a fully integrated package. The SCS can function as a stand-alone control solution or work in combination with other production devices to provide single-point control for LED video displays, LED ribbon boards, LED marquees and flat-panel digital display networks.
Daktronics, Inc. Declares Annual Cash Dividend
Daktronics, Inc. announced that it declared an annual cash dividend of $0.095 per share based on continued positive cash flow performance. The annual cash dividend will be payable June 23, 2009, to shareholders of record as of the close of business June 9, 2009.
Daktronics, Inc. Comments On FY 2010 Outlook
Daktronics, Inc. announced that for fiscal 2010, it expects sales and earnings to decline. According to Reuters Estimates, analysts were expecting the Company to report revenues of $522 million and earnings per share (EPS) of $0.52 for the same period.
