Daktronics, Inc. (DAKT) shares plummeted 9.28% in the pre-market trading session on Wednesday, following the company's disappointing third-quarter financial results that showed a net loss of $17.156 million.
The electronics manufacturing company, known for its large digital scoreboards and displays, reported pretax loss of $17.816 million for the quarter ended January 28, 2025. While revenue came in at $149.507 million, gross profit was $36.781 million, and operating income stood at a loss of $3.628 million.
The significant net loss appears to have spooked investors, triggering a sell-off in Daktronics' stock in the early trading hours. The company's shares plunged sharply, underperforming the broader market indices.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.