Digi Worldwide (DGII) got here out with quarterly earnings of $0.18 per share, beating the Zacks Co
Digi Worldwide (DGII) got here out with quarterly earnings of $0.18 per share, beating the Zacks Consensus Estimate of $0.07 per share. This compares to earnings of $0.13 per share a yr in the past. These figures are adjusted for non-recurring objects.
This quarterly report represents an earnings shock of 157.14%. 1 / 4 in the past, it was anticipated that this supplier of communication adapters would submit earnings of $0.04 per share when it really produced earnings of $0.05, delivering a shock of 25%.
During the last 4 quarters, the corporate has surpassed consensus EPS estimates 4 occasions.
Digi Worldwide, which belongs to the Zacks Pc – Networking business, posted revenues of $64.96 million for the quarter ended September 2019, surpassing the Zacks Consensus Estimate by 2.79%. This compares to year-ago revenues of $65.66 million. The corporate has topped consensus income estimates thrice over the past 4 quarters.
The sustainability of the inventory’s rapid worth…