Digi Intl Q1 Adj EPS $0.48 Beats $0.44 Estimate, Sales $106.09M Beat $105.61M Estimate
Portfolio Pulse from totan@benzinga.com
Digi Intl (NASDAQ:DGII) reported Q1 adjusted EPS of $0.48, surpassing the consensus estimate of $0.44. Sales reached $106.09M, slightly above the estimate of $105.61M. However, this reflects a 2.94% decrease in sales compared to the same period last year.
January 31, 2024 | 9:21 pm
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POSITIVE IMPACT
Digi Intl reported a strong Q1 with EPS and sales beating estimates, but sales saw a slight year-over-year decline.
Beating both EPS and sales estimates is a positive signal for investors and could lead to a short-term increase in stock price. However, the year-over-year decrease in sales might temper some of the positive sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100