ScanSource Inc.'s (SCSC) second-quarter net income was $16.4 million, or $0.59 per share, compared to net income of $21.4 million or $0.77 per share in the prior year quarter.
Excluding the one-time costs associated with personnel replacement in the Company's local Belgian office, including related tax compliance and professional fees, adjusted net income for the latest-quarter totaled $17.8 million, or $0.64 per share. Analysts polled by Thomson Reuters expected the company to report earnings of $0.62 per share for the quarter. Analysts' estimates typically exclude special items.
Net sales decreased 4.5% to $747.7 million, compared to $782.7 million in the same quarter last year. Excluding the translation impact of foreign currencies, net sales decreased 3.1% year-over-year. Three analysts had consensus revenue estimate of $743.66 million for the quarter.
The company expects that net sales for the third-quarter ending March 31, 2013 could range from $675 million to $695 million, and earnings per share could be in the range of $0.48 to $0.50 per share. Analysts expect the company to report earnings of $0.62 per share on revenues of $731.77 million for the third-quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.