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Daktronics (DAKT) Stock Advances on Q1 Beat

NEW YORK (TheStreet) -- Shares of Daktronics (DAKT) were surging 16.98% to $8.13 on heavy trading volume late-afternoon Tuesday as the Brookings, SD-based electronic display systems, digital messaging and software solutions company posted higher-than-expected 2017 first quarter results.

Before today's market open, Daktronics reported earnings of 13 cents per share, above analysts' projections of 5 cents per share. Revenue came in at $157.1 million, beating Wall Street's estimated $146.75 million in revenue.

For the 2016 first quarter, the company earned 9 cents per share on...