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Digi International: Fiscal Q4 Earnings Snapshot
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HOPKINS, Minn. (AP) — HOPKINS, Minn. (AP) — Digi International Inc. (DGII) on Wednesday reported fiscal fourth-quarter profit of $14.9 million.

On a per-share basis, the Hopkins, Minnesota-based company said it had profit of 38 cents. Earnings, adjusted for amortization costs and stock option expense, were 78 cents per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 76 cents per share.

The provider of communication adapters posted revenue of $143.3 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $140.4 million.

For the current quarter ending in December, Digi International expects its per-share earnings to range from 71 cents to 75 cents.

The company said it expects revenue in the range of $140 million to $144 million for the fiscal first quarter.

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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

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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