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Digi International: Fiscal 4Q Earnings Snapshot

November 15, 2018

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.

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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

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