News Summary

• Daktronics (NASDAQ: DAKT ) reported fiscal first-quarter results that included its highest quarterly earnings per share in three years.
• Diluted EPS jumped 21.2% year over year to $0.40, even though the quarter ran just 13 weeks against 14 a year earlier.
• Net sales still grew 7.1% to $234.6 million, and gross margin expanded 80 basis points to 30.5%.
• For a company that spent years grinding through thin margins, that combination is worth a closer look.