Digi International(DGII Quote) fell in after-hours trading Tuesday after the computer-networking port maker's first-quarter profit missed Wall Street's target. The company posted net income of $2.2 million, or 9 cents a share, down from $3 million, or 13 cents a share, a year earlier. Analysts polled by Thomson Financial were expecting the company to post earnings of 11 cents a share. Revenue rose 13% to $33.4 million from $29.5 million a year earlier. Analysts predicted revenue of $33 million for the December quarter.
For the second quarter, Digi sees earnings of 10 cents to 16 cents a share, before items, on revenue of $32.5 million to $37.5 million. The outlook brackets analysts' average projections for earnings of 15 cents a share and revenue of $36 million. Shares of Digi International fell 12 cents, or 1.2%, to $10.30 in Tuesday's late trading. H.B. Fuller(FUL Quote) shares jumped after the maker of sealants and adhesives posted fourth-quarter earnings that topped analyst forecasts. The company earned $23.3 million, or 79 cents a share, up from $10.9 million, or 38 cents a share. Excluding various special items, Fuller earned 68 cents a share -- well above analysts' average projection of 53 cents. Revenue rose 9.2% to $413.2 million. For 2006, the company expects earnings per share of $2.06 to $2.11. Wall Street estimates call for earnings of $1.94 a share. In late trading, shares of H.B. Fuller rose $2.24, or 6.6%, to $36. Shares of Omnova Solutions(OMN Quote) rose 10% in after-hours trading after the specialty chemical company reported that it swung to a fourth-quarter profit. Omnova posted fourth-quarter net income of $4.1 million, or 10 cents a share, reversing a loss of $14.7 million, or 36 cents a share, from a year earlier. Sales increased 6.1% to $205.8 million. Omnova rose 50 cents to $5.29 in after-hours trading.- Loading Comments...
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