Digi International Inc (DGII) announced a profit for its fourth quarter that increased from the same period last year and beat the Street estimates.
The company's earnings totaled $11.9 million, or $0.32 per share. This compares with $6.4 million, or $0.17 per share, in last year's fourth quarter.
Excluding items, Digi International Inc reported adjusted earnings of $19.5 million or $0.52 per share for the period.
Analysts on average had expected the company to earn $0.50 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 6.3% to $105.052 million from $112.163 million last year.
Digi International Inc earnings at a glance (GAAP) :
-Earnings (Q4): $11.9 Mln. vs. $6.4 Mln. last year.
-EPS (Q4): $0.32 vs. $0.17 last year.
-Revenue (Q4): $105.052 Mln vs. $112.163 Mln last year.
-Guidance:
Next quarter EPS guidance: $0.46-$0.50
Next quarter revenue guidance: $102-$106 Mln
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