By Will Feuer
Shares of Daktronics fell, giving back some of this year’s big gains after the maker of large-screen video displays reported results for its fiscal second quarter.
The stock slipped more than 10% to $9.19 Tuesday. So far this year, shares are still up about 226%.
The Brookings, S.D., company reported sales of $199.4 million for the three months ended Oct. 28, a roughly 6% increase from a year ago. Daktronics also swung to a profit of 5 cents a share from a loss of 29 cents a share a year ago.
Chief Executive Reece Kurtenbach said the company’s international business is still hurt by geopolitical factors that will likely weigh on the business over the coming year. The transportation and infrastructure units are both seeing demand remain strong, he said.
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