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Digi International Inc gives Q2 2014 guidance below analysts' estimates; lowers FY 2014 guidance


Thursday, 23 Jan 2014 04:05pm EST 

Digi International Inc:Says Q2 2014 revenue in a range of $45 million to $48 million with a most likely revenue of about $46 million.Says Q2 2014 net income per diluted share to be in a range of $0.00 to $0.03.Says for FY 2014, it now projects annual revenue in a range of $195 million to $205 million with a most likely annual revenue of about $198 million.Says for FY 2014, it now projects annual net income per diluted share to be in a range of $0.19 to $0.31.Says this update in annual guidance primarily is driven by a reduction in forecasted product purchases from certain customers.Says in addition, while it expect services to deliver solid year-over-year growth, Digi now projects this growth to be lower than previously forecasted.Q2 2014 revenue of $50 million and EPS of $0.07 - Thomson Reuters I/B/E/S.FY 2014 revenue of $207 million and EPS of $0.36 - Thomson Reuters I/B/E/S. 

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