(RTTNews) – Digi International Inc (DGII) reported a profit for fourth quarter that Decreased from the same period last year but beat the Street estimates.
The company’s earnings totaled $9.98 million, or $0.26 per share. This compares with $11.86 million, or $0.32 per share, last year.
Excluding items, Digi International Inc reported adjusted earnings of $21.43 million or $0.56 per share for the period.
Analysts on average had expected the company to earn $0.51 per share. Analysts’ estimates typically exclude special items.
The company’s revenue for the period rose 8.8% to $114.33 million from $105.05 million last year.
Digi International Inc earnings at a glance (GAAP) :
-Earnings: $9.98 Mln. vs. $11.86 Mln. last year.
-EPS: $0.26 vs. $0.32 last year.
-Revenue: $114.33 Mln vs. $105.05 Mln last year.
-Guidance:
Next quarter EPS guidance: $0.53 – $0.57
Next quarter revenue guidance: $114 – $118 Mln
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