Digi Intl Q3 Adj. EPS $0.50 Beats $0.47 Estimate, Sales $112.24M Beat $108.75M Estimate
Portfolio Pulse from Benzinga Newsdesk
Digi Intl (NASDAQ:DGII) reported Q3 adjusted earnings of $0.50 per share, beating the analyst consensus estimate of $0.47 by 6.38%. This is an 11.11% increase from the same period last year. The company also reported quarterly sales of $112.24 million, beating the analyst consensus estimate of $108.75 million by 3.21%, an 8.42% increase from the same period last year.
August 04, 2023 | 1:07 pm
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Digi Intl's Q3 earnings and sales exceeded analyst estimates, which could positively impact the company's stock in the short term.
Companies that report earnings and sales above analyst estimates often see a positive reaction in their stock price as this indicates better-than-expected performance. Digi Intl's Q3 results exceeded estimates, which could lead to increased investor confidence and a potential rise in the stock price.
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