HOPKINS, Minn. (AP) _ Digi International Inc. (DGII) on Thursday reported fiscal first-quarter profit of $208,000.
The Hopkins, Minnesota-based company said it had net income of 1 cent per share. Earnings, adjusted for one-time gains and costs, were 15 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.
The provider of communication adapters posted revenue of $62.3 million in the period.
For the current quarter ending in April, Digi International expects its per-share earnings to range from 29 cents to 33 cents.
The company said it expects revenue in the range of $72 million to $78 million for the fiscal second quarter.
Digi International expects full-year earnings in the range of $1.14 to $1.27 per share, with revenue ranging from $310 million to $325 million.
Digi International shares have declined almost 6% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $16.73, a climb of 46% in the last 12 months.