Digi International beats Q3 earnings and revenue estimates

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2▲1 ▼0Impact / 5
Summary · why it matters

Digi International reported quarterly earnings of $0.75 per share, topping the Zacks Consensus Estimate of $0.67 per share by 11.94%. Revenue came in at $138.67 million, surpassing the consensus estimate by 4.57% and up from $107.51 million a year ago. The company has now beaten consensus EPS and revenue estimates in each of the last four quarters. Shares have gained about 66.6% year to date, compared with a 13% rise for the S&P 500. The current Zacks Rank for Digi International is 3, or Hold, with consensus estimates for the coming quarter at $0.62 per share on $135.8 million in revenues.

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