Daktronics, Inc. (NASDAQ:DAKT) shares are trading lower on Wednesday after the company reported mixed third-quarter FY26 results.
Earnings Snapshot
The company reported:
- Adjusted EPS of nine cents, missing a 13-cent estimate. However, sales of $181.87 million exceeded a $181 million estimate.
- Sales rose 21.6% year over year (Y/Y), driven by efficient fulfillment of the backlog entering the quarter. The company expects it to continue into the final quarter of fiscal 2026.
- Adjusted operating income rose significantly to $4 million from $1.2 million in the prior-year quarter. Margins expanded to 2.2% from …