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SCSCBearishEarningsnews
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ScanSource (SCSC) Lags Q3 Earnings and Revenue Estimates

May 7, 2024, 10:49 AM EDT1 sourcesAI-analyzed

AI summary

What happened, with direct paths to the underlying reporting

- ScanSource reported Q1 earnings of $0.69/share, missing Zacks estimate of $0.84/share. - Revenues of $752.6M missed estimates by 8.50%, down from $885.94M a year ago. - Stock price has increased 11.2% compared to S&P 500's 8.6% gain. Price Impact Rating: Bearish Impact Horizon Rating: Short-Term Type: Earnings

  • ScanSource reported Q1 earnings of $0.69/share, missing Zacks estimate of $0.84/share.
  • Revenues of $752.6M missed estimates by 8.50%, down from $885.94M a year ago.
  • Stock price has increased 11.2% compared to S&P 500's 8.6% gain.

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