ScanSource (SCSC) Releases Earnings Results, Misses Expectations By $-0.01 EPS

ScanSource (SCSC) reported quarterly earnings results on Tuesday, May-10-2016. The company reported $0.64 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $0.65. The company posted revenue of $798.40 million in the period, compared to analysts expectations of $871.06 million. The company’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 EPS.

ScanSource opened for trading at $39.68 and hit $40.2 on the upside on Friday, eventually ending the session at $40, with a gain of 0.45% or 0.18 points. The heightened volatility saw the trading volume jump to 2,16,421 shares. Company has a market cap of $1,049 M.

In a different news, on Feb 24, 2016, Michael L Baur (CEO) sold 53,506 shares at $37.12 per share price. According to the SEC, on Jun 5, 2015, John J. Ellsworth (VP, Gen Counsel &Corporate Sec) sold 5,775 shares at $39.42 per share price. On May 8, 2015, Steven R Fischer (director) sold 9,400 shares at $39.05 per share price, according to the Form-4 filing with the securities and exchange commission.

ScanSource Inc. is a wholesale distributor of specialty technology products. The Company and its subsidiaries provide distribution services for technology manufacturers and sells to resellers in the specialty technology markets such as point-of-sale (POS) and barcode physical security and three dimensional (3D) printing and communications. The Company operates through two business segments: Worldwide Barcode & Security and Worldwide Communications & Services. The Barcode & Security distribution segment focuses on automatic identification and data capture (AIDC) POS electronic physical security and 3D printing technologies. The Company markets around 100000 products from around 300 hardware and software vendors to around 35000 reseller customers from its distribution centers. The Communications & Services distribution segment focuses on communications technologies and services. The Company operates in the United States Canada Latin America and Europe.


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