Digi Intl Q4 Adj $0.52 Beats $0.48 Estimate, Sales $112.16M Beat $110.28M Estimate
Portfolio Pulse from Benzinga Newsdesk
Digi Intl (NASDAQ:DGII) reported Q4 earnings of $0.52 per share, beating the analyst consensus estimate of $0.48 by 8.33%. The company also reported quarterly sales of $112.16 million, surpassing the analyst consensus estimate of $110.28 million by 1.71%. Both earnings and sales show an increase compared to the same period last year.
November 09, 2023 | 1:05 pm
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Digi Intl's Q4 earnings and sales exceeded analyst estimates, which could lead to a positive market reaction.
Digi Intl reported better than expected Q4 results, with both earnings per share and sales surpassing analyst estimates. This positive financial performance could lead to increased investor confidence and a potential rise in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100