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
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
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