Brookings
Daktronics reports improving conditions since December stock plunge
A homegrown, publicly traded scoreboard manufacturing company in South Dakota reported improving business conditions Wednesday, three months after public disclosures from the company caused its stock price to plummet. Brookings-based Daktronics released a quarterly earnings report showing sales of $185 million, which was described as a company record for the third quarter. Daktronics Chairman, President […]
Daktronics reports $13 million loss in second quarter
Brookings-based manufacturer Daktronics lost $13 million in the second quarter of its fiscal year, the company revealed Monday in a delayed earnings report. The company blamed supply chain problems and higher costs for materials, labor and freight. The company said it aggressively secured inventory to address supply chain volatility, and that approach consumed cash. “These […]
Shareholder-rights firms circling as Daktronics postpones earnings report
Multiple law firms specializing in shareholder rights are inviting affected investors to contact them after a regulatory filing raised concerns about the finances of Brookings-based Daktronics. Shares of the company tumbled after it announced Tuesday that it was postponing its earnings report and also rescheduling a conference call about the report to 10 a.m. Central […]