Digi International Beats Expectations with Q4 Earnings

Digi International Exceeds Expectations: Q4 Financial ResultsDigi International, based in Hopkins, Minnesota, reported a net income of $10 million, or 26 cents per share, for the fiscal fourth quarter. This surpassed analysts predictions of 51 cents per share. The companys adjusted earnings per share also rose to 56 cents, exceeding the expected 51 cents.Revenue for the quarter was $114.3 million, outperforming the anticipated $110.7 million. Looking ahead, Digi International projects earnings per share between 53 and 57 cents and revenue between $114 and $118 million for the fiscal first quarter.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.