Digi International: Fiscal 3Q Earnings Snapshot
HOPKINS, Minn. (AP) _ Digi International Inc. (DGII) on Thursday reported fiscal third-quarter net income of $1.6 million.
On a per-share basis, the Hopkins, Minnesota-based company said it had net income of 6 cents. Earnings, adjusted for pretax gains and restructuring gains, came to 5 cents per share.
The provider of communication adapters posted revenue of $61.2 million in the period.
For the current quarter ending in September, Digi International said it expects revenue in the range of $60 million to $64 million.
The company expects full-year earnings to be 31 cents to 34 cents per share, with revenue ranging from $249 million to $253 million.
Digi International shares have risen 27% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $12.83, a decrease of roughly 3% in the last 12 months.