earnings

Edited Transcript of DGII earnings conference call or presentation 6-Aug-20 9:00pm GMT

MINNETONKA Aug 13, 2020 (Thomson StreetEvents) — Edited Transcript of Digi International Inc earnings conference call or presentation Thursday, August 6, 2020 at 9:00:00pm GMT

* James J. Loch

Digi International Inc. – Senior VP, CFO & Treasurer

* Ronald E. Konezny

Digi International Inc. – President, CEO & Director

Craig-Hallum Capital Group LLC, Research Division – Partner & Senior Research Analyst

Robert W. Baird & Co. Incorporated, Research Division – Senior Research Analyst

Ladies and Gentlemen, thank you for standing by and Welcome to Digi International Third Quarter 2020 Earnings Conference Call. (Operator Instructions) Please be advised that today’s conference may be recorded. (Operator Instructions) Now it’s my pleasure to turn the conference over to James Loch, Chief Financial Officer. Please go ahead.

James J. Loch, Digi International Inc. – Senior VP, CFO & Treasurer [2]

Thank you, Carmen. Good afternoon, everyone, and thank you for joining us today … Read More

Buy 5 Business Services Stocks Ahead of Q2 Earnings Next Week

We are in the middle of the coronavirus-stricken second-quarter 2020 earnings season and the results so far are highly disappointing mainly due to the lockdowns.

Coronavirus-induced devastations haven’t spared any sector and business services has suffered significantly. Nevertheless, a handful of business services companies are set to beat second-quarter earnings estimates next week.

A Brief Review of Q2

U.S. GDP plunged 32.9% in second-quarter 2020, marking its worst-ever quarterly decline, with the previous nearest low witnessed in the second quarter of 1921. Notably, in the first quarter, the economy declined by 5% year over year.

Economic activities were way below last year in the second quarter since lockdowns continued for nearly two months till the third week of May. Meanwhile, by mid-June, all 50 states reopened their economies in some form or the other.

However, a second wave of COVID-19 in some states since the second half of June forced

Read More