Stock Track | Digi Plunges 5.52% After Hours on Revenue Miss, Weaker Q2 Sales Outlook

Stock Track

Feb 06, 2025

Digi International's stock tumbled 5.52% in after-hours trading on Wednesday, following the company's fiscal first-quarter earnings report that missed revenue expectations and provided a weaker-than-anticipated sales outlook for the current quarter.

For the first quarter, Digi reported adjusted earnings per share of $0.50, meeting analyst estimates. 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 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 also provided adjusted EBITDA guidance of $24 million to $25.5 million, though no analyst estimates were available for comparison.

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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 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 also provided adjusted EBITDA guidance of $24 million to $25.5 million, 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":"1158743577","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1158743577","pubTimestamp":1738791624,"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's stock tumbled 5.52% in after-hours trading on Wednesday, following the company's fiscal first-quarter earnings report that missed revenue expectations and provided a weaker-than-anticipated sales outlook for the current quarter.For the first quarter, Digi reported adjusted earnings per share of $0.50, meeting analyst estimates. 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