Digi International: Fiscal 4Q Earnings Snapshot
MINNETONKA, Minn. (AP) _ Digi International Inc. (DGII) on Thursday reported fiscal fourth-quarter net income of $3.6 million.
On a per-share basis, the Minnetonka, Minnesota-based company said it had profit of 13 cents.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share.
The provider of communication adapters posted revenue of $65.7 million in the period.
For the year, the company reported profit of $1.3 million, or 5 cents per share. Revenue was reported as $228.4 million.
For the current quarter ending in January, Digi International said it expects revenue in the range of $56 million to $60 million.
The company expects full-year earnings to be 20 cents to 35 cents per share, with revenue ranging from $245 million to $255 million.
Digi International shares have increased 21 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $11.59, a rise of 19 percent in the last 12 months.