BRIEF-Gemini reports Q1 net loss per share of $0.04
* Now expecting revenue for 2017 to be less than 2016 but expects activity to pick up in second half of 2017 into 2018 Source text for Eikon: Further company coverage:
Aug 21 Electronic scoreboard and billboard maker Daktronics Inc reported higher quarterly results, helped by high margin contracts in its live events and transportation segments, and forecast higher sales in the second quarter.
Net income rose to $6.7 million, or 16 cents per share, in the first quarter from $3.4 million, or 8 cents per share, a year earlier.
Revenue for the quarter rose to $132.9 million from $118.7 million a year earlier.
"With the record level of orders booked during the first quarter of fiscal 2013, we expect that net sales in the second quarter of fiscal 2013 will exceed the level of net sales in the second quarter of fiscal 2012," Chief Executive Jim Morgan said in a statement.
Shares of the company closed at $8.06 on the Nasdaq on Monday.
* Ironhorse announces Q1 2017 financial and operating results