BROOKINGS Daktronics stock dropped nearly 6 percent on Wednesday after the scoreboard giant reported a loss of $9.4 million in its fiscal fourth quarter.
On a per-share basis, the Brookings -based company said it had a loss of 19 cents. Earnings, adjusted for non-recurring costs, came to 18 cents per share.
At the close of the markets Wednesday, Daktronics (DAKT, NASDAQ) was trading at $XX.XX per share.
The video display maker posted revenue of $172.6 million in the period.
For the year, the company reported a loss of $10.1 million, or 21 cents per share. Revenue was reported as $756.5 million.
Daktronics reported a $17.2 million loss in its fiscal third quarter on March 5.
The march announcement was followed by longtime employee Reece Kurtenbach son of company co-founder Al Kurtenbach stepping down as CEO.
Started in 1968 by Reece Kurtenbachs father Al and Duane Sander, the company has long been one of the citys largest employers with the bulk of its 2,000-some employees located in Brookings.
The company has also feuded with activist investment firm Alta Fox in recent years, and an agreement with Alta Fox preceded Reece Kurtenbachs departure as CEO.
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