Digi Intl Q2 2024 Adj EPS $0.49 Beats $0.47 Estimate, Sales $107.702M Beat $106.992M Estimate
Portfolio Pulse from Benzinga Newsdesk
Digi Intl (NASDAQ:DGII) reported Q2 2024 adjusted EPS of $0.49, surpassing the $0.47 estimate, with sales of $107.702M also beating the $106.992M estimate. However, this represents a 2% decrease in earnings and a 3.10% decrease in sales from the same period last year.
May 01, 2024 | 8:46 pm
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Digi Intl reported a Q2 2024 adjusted EPS of $0.49, beating estimates, and sales of $107.702M, also above expectations, but noted a year-over-year decrease in both metrics.
Beating both EPS and sales estimates typically has a positive short-term impact on a company's stock price, as it indicates better-than-expected financial health. However, the year-over-year decreases in both earnings and sales might temper investor enthusiasm, suggesting a cautious optimism.
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