Stock Track | Digi International Plunges 10.88% in Pre-Market on Revenue Miss, Weak Q2 Outlook

Stock Track

Feb 06, 2025

Digi International Inc. (DGII) stock plummeted 10.88% in pre-market trading on Thursday, extending its losses after the company reported disappointing fiscal first-quarter results and provided a weaker-than-expected outlook for the current quarter.

For the first quarter ended December 2024, Digi met analysts' expectations for adjusted earnings per share of $0.50. However, the company's revenue of $103.87 million fell short of the consensus estimate of $104.08 million, representing a 2.1% year-over-year decline.

Looking ahead to the fiscal second quarter, Digi forecast revenue in the range of $102 million to $106 million, slightly below the consensus estimate of $105.32 million. The company's guidance for adjusted EBITDA of $24 million to $25.5 million was also disappointing, though no analyst estimates were available for comparison.

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(DGII) stock plummeted 10.88% in pre-market trading on Thursday, extending its losses after the company reported disappointing fiscal first-quarter results and provided a weaker-than-expected outlook for the current quarter.</p>\n\n<p>For the first quarter ended December 2024, Digi met analysts' expectations for adjusted earnings per share of $0.50. However, the company's revenue of $103.87 million fell short of the consensus estimate of $104.08 million, representing a 2.1% year-over-year decline.</p>\n\n<p>Looking ahead to the fiscal second quarter, Digi forecast revenue in the range of $102 million to $106 million, slightly below the consensus estimate of $105.32 million. The company's guidance for adjusted EBITDA of $24 million to $25.5 million was also disappointing, though no analyst estimates were available for comparison.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DGII","symbol_name":"美国迪进国际","start_time":0,"source_url":"","article_id":"1122200059","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1122200059","pubTimestamp":1738833148,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Digi International Inc.  stock plummeted 10.88% in pre-market trading on Thursday, extending its losses after the company reported disappointing fiscal first-quarter results and provided a weaker-than-expected outlook for the current quarter.For the first quarter ended December 2024, Digi met analysts' expectations for adjusted earnings per share of $0.50. 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