ScanSource Exceeds Q3 EPS Estimates with $0.94 Adjusted Earnings
Summary
ScanSource reported its Q3 adjusted EPS of $0.94, surpassing the IBES estimate of $0.92. The company also disclosed Q3 sales of $766.79 million, gross profit of $107.124 million, adjusted net income of $20.372 million, adjusted EBITDA of $35.621 million, and operating income of $23.12 million. This earnings beat provides a positive signal to investors regarding the company's operational performance for the quarter. Traders will be watching for further details on revenue performance against expectations and any forward guidance provided by management.
At the time of this announcement, SCSC was trading at $40.93 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $879.2M. The 52-week trading range was $33.76 to $46.25. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.