Investing.com - Digi reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Digi announced earnings per share of $0.45 on revenue of $105.74M. Analysts polled by Investing.com anticipated EPS of $0.42 on revenue of $100.48M.
Digi shares are down 4.96% from the beginning of the year , still down 4.92% from its 52 week high of $42.04 set on Thursday, November 10, 2022.
Digi shares gained 9.72% in intra-day trade the report.
Digi follows other major Information Technology sector earnings this month
Digi's report follows an earnings beat by Apple on Thursday, October 27, 2022, who reported EPS of $1.29 on revenue of $90.1B, compared to forecasts EPS of $1.26 on revenue of $88.76B.
Microsoft had beat expectations on Tuesday, October 25, 2022 with first quarter EPS of $2.35 on revenue of $50.1B, compared to forecast for EPS of $2.32 on revenue of $49.86B.
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