ScanSource (SCSC) Releases Quarterly Earnings, Misses Estimates By $0.01 EPS
ScanSource (NASDAQ:SCSC) released its earnings data on Friday. The company reported $0.64 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.65 by $0.01, AnalystRatings.NET reports. The company had revenue of $740.60 million for the quarter, compared to the consensus estimate of $755.99 million.
Several analysts have recently commented on the stock. Analysts at Thomson Reuters/Verus downgraded shares of ScanSource from a “buy” rating to a “hold” rating in a research note to investors on Monday, January 20th. On the ratings front, analysts at Northcoast Research downgraded shares of ScanSource from a “buy” rating to a “neutral” rating in a research note to investors on Friday, January 3rd.
Shares of ScanSource (NASDAQ:SCSC) opened at 39.74 on Friday. ScanSource has a 52-week low of $25.83 and a 52-week high of $43.65. The stock has a 50-day moving average of $41.40 and a 200-day moving average of $37.. The company has a market cap of $1.118 billion and a P/E ratio of 30.37.
ScanSource, Inc is a wholesale distributor of specialty technology products, providing distribution sales to resellers in the specialty technology markets.
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