Digi Intl: Q1 Earnings Insights
Portfolio Pulse from Benzinga Insights
Digi Intl (NASDAQ:DGII) reported Q1 earnings with an EPS of $0.48, beating estimates by 9.09% but with a revenue decline of $3.22 million from the previous year. The company has a history of surpassing EPS estimates, which in the last quarter led to a 0.86% stock price increase the following day.
January 31, 2024 | 9:25 pm
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Digi Intl reported a higher-than-expected Q1 EPS of $0.48, outperforming estimates by 9.09%, but experienced a revenue decrease from the same period last year.
Digi Intl's beat on earnings estimates is likely to be viewed positively by investors, potentially leading to a short-term increase in stock price, similar to the 0.86% rise seen after last quarter's earnings beat. However, the decline in revenue could temper some of the investor enthusiasm, making the overall impact on the stock price more moderate.
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