Digi Intl Q3 Adj $0.50 Beats $0.49 Estimate, Sales $105.20M Miss $105.60M Estimate
Portfolio Pulse from Benzinga Newsdesk
Digi International (NASDAQ: DGII) reported Q3 earnings of $0.50 per share, beating the analyst estimate of $0.49. However, sales were $105.20 million, missing the estimate of $105.60 million and showing a 6.27% decrease from the same period last year.
August 07, 2024 | 8:49 pm
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Digi International reported Q3 earnings of $0.50 per share, beating estimates, but sales missed expectations and decreased by 6.27% YoY.
While the earnings per share beat estimates, the miss on sales and the year-over-year decline in revenue could neutralize the positive impact of the earnings beat. Investors may have mixed reactions.
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