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Digi International: Fiscal 3Q Earnings Snapshot

August 8, 2019

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.

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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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