Digg
Del.icio.us
Newsvine 
Facebook
Stumbleupon
BROOKINGS, S.D. - Daktronics Inc., which makes large screen video displays and electronic scoreboards, lowered its sales estimates Thursday for fiscal 2009, expecting a slowdown in its digital billboard and commercial business units.
| DAKT | 10.55 |  -0.03 |
The company expects $585 million in sales for the fiscal year, which ends in May, down from a previous estimate of $599.6 million.
Analysts polled by Thomson Reuters expect sales of $609.7 million, on average.
"Our largest digital billboard customer has recently advised us of their intent to significantly curtail their deployment of digital billboards primarily as a result of softness in the advertising sector," the company's chief executive, Jim Morgan, said in a statement.
He added that Daktronics has also seen slowing demand for digital billboards from small outdoor advertisers.
Shares fell $1.01, or 10 percent, in morning trading to $9.11. Over the past year, the stock has traded between $9.02 and $29.10.
You've heard the talk of "Green" throughout the whole of 2008, bu...
Lenovo, with its IdeaPad line series is previewing Y-Series IdeaPad Y650 laptops at CES in Las Vegas together with other new Ideapad Y-series.
With oil prices rising over the past few years, many people want to know about the impact on spending and investment by oil companies. Though pri...
Cisco will unveil new consumer products and initiatives during apress conference at the 2009 ...
Building your business and corporate credit for your small business.
Buy Real Estate, Tax Liens, and more- Fund your business or franchise without debt
Get your next web design project done with our los angeles web design team - Best web design with great price.
Partners   
|
© 2009 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives
EMAIL
PRINT
RSS
SHARE
