US Stock Market Move | Q1 performance exceeds expectations, Daktronics (DAKT.US) soars more than 24% in early trading.

On Wednesday, Daktronics (DAKT.US) surged more than 24% in early trading, reaching a 17-year high of $21.70. On the news front, the company reported diluted earnings per share of $0.33 for the first quarter of fiscal year 2026, a turnaround from a loss of $0.11 per share in the same period last year. Two analysts surveyed by FactSet had forecasted earnings of $0.21 per share. Net sales for the quarter ending on August 2 totaled $219 million, down from $226.1 million in the same period last year. The two analysts surveyed by FactSet had projected sales of $196.9 million. Additionally, the company's first quarter orders increased by 35% year-over-year to $238.5 million, marking the third-highest quarter of orders in history, primarily due to successful projects in major league sports stadiums.