Why Digi International Stock Jumped 16.2% Today
Shares of Internet of Things service provider Digi International (DGII 14.27%) jumped as much as 16.2% in trading on Thursday after the company reported fiscal first-quarter 2024 financial results. Shares were volatile in trading but were still up 12.5% at 2:30 p.m. ET.Digi beats expectationsVolumes were under pressure across the board, which led to a drop on the top line. Revenue fell 3% to $106.1 million in the quarter, and net loss was $3 million, or $0.08 per share. Adjusted earnings per share were $0.4 ...