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Digi International: Fiscal 1Q Earnings Snapshot

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.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DGII at https://www.zacks.com/ap/DGII