Digi International (DGII) Releases Quarterly Earnings Results, Beats Expectations By $0.02 EPS
Digi International (NASDAQ:DGII) issued its quarterly earnings data on Thursday. The company reported $0.03 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.01 by $0.02, AnalystRatingsNetwork.com reports. The company had revenue of $45.90 million for the quarter, compared to the consensus estimate of $46.14 million. During the same quarter last year, the company posted $0.06 earnings per share. Digi International’s revenue was down 4.8% compared to the same quarter last year. Digi International updated its Q3 guidance to ($0.02)-$0.02 EPS and its FY14 guidance to $0.06-0.12 EPS.
Digi International (NASDAQ:DGII) traded up 3.28% on Thursday, hitting $10.40. 86,138 shares of the company’s stock traded hands. Digi International has a 52 week low of $8.51 and a 52 week high of $12.75. The stock’s 50-day moving average is $10.07 and its 200-day moving average is $10.61. The company has a market cap of $269.1 million and a P/E ratio of 50.35.
Digi International Inc operates in the communications technology industry. It helps customers connect, monitor and control local or remote electronic devices over a network through the Internet or through satellite.
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