Digi Worldwide (DGII) Surpasses Q1 Earnings and Income Estimates

HomeInvesting

Digi Worldwide (DGII) Surpasses Q1 Earnings and Income Estimates

Digi


Digi Worldwide (DGII) got here out with quarterly earnings of $0.15 per share, beating the Zacks Consensus Estimate of $0.01 per share. This compares to earnings of $0.04 per share a 12 months in the past. These figures are adjusted for non-recurring gadgets.

This quarterly report represents an earnings shock of 1,400%. 1 / 4 in the past, it was anticipated that this supplier of communication adapters would put up earnings of $0.07 per share when it truly produced earnings of $0.18, delivering a shock of 157.14%.

During the last 4 quarters, the corporate has surpassed consensus EPS estimates 4 instances.

Digi Worldwide, which belongs to the Zacks Pc – Networking business, posted revenues of $62.32 million for the quarter ended December 2019, surpassing the Zacks Consensus Estimate by 1.54%. This compares to year-ago revenues of $62.31 million. The corporate has topped consensus income estimates 3 times over the past 4 quarters.



nasdaq.com