Digi International Shares Are Trading Lower After the Company Reported Q2 Financial Results and Issued Q3 Guidance Below Estimates. Also, the Company Issued Weak FY24 Revenue Projection Guidance.

Digi International Shares Are Trading Lower After the Company Reported Q2 Financial Results and Issued Q3 Guidance Below Estimates. Also, the Company Issued Weak FY24 Revenue Projection Guidance.

Benzinga00:30

Digi International Fiscal Q2 Adjusted Earnings, Revenue Decline

Digi International (DGII) reported fiscal Q2 adjusted earnings late Wednesday of $0.49 per diluted share, down from $0.50 a year earlier. Analysts polled by Capital IQ expected $0.47. Revenue for the

MT NewswiresMay 2 18:27

Digi International Inc (DGII) Reports Mixed Q2 Fiscal 2024 Results, Aligns With EPS Projections

Yahoo FinanceMay 2 06:13

Digi International Says Customers Are More Cautious On Second Half Demand Than It Previously Expected; Now Sees FY24 Revenue Projection To Be Down 5% Y/Y (Prior View: Flat)

This is demonstrated through longer than expected sales cycles which lowers top line expectations. The softer top line expectations combined with tight expense controls slightly lowers Adjusted EBITDA

BenzingaMay 2 05:04

Digi International Expects Q3 Revenues To Be $103M-$107M (Est $112.65M), Adjusted EPS Of $0.47-$0.51 (Est $0.52)

Digi International Expects Q3 Revenues To Be $103M-$107M (Est $112.65M), Adjusted EPS Of $0.47-$0.51 (Est $0.52)

BenzingaMay 2 04:59

Earnings Flash (DGII) DIGI INTERNATIONAL Posts Q2 EPS $0.49, Vs. Street Est of $0.47

04:39 PM EDT, 05/01/2024 (MT Newswires) -- Earnings Flash (DGII) DIGI INTERNATIONAL Posts Q2 EPS $0.49, vs. Street Est of $0.47

MT NewswiresMay 2 04:39