ScanSource Inc. (SCSC) reported second quarter adjusted net income of $0.64 per share after the bell Thursday, compared to the consensus estimate of $0.62. Net sales decreased 4.5% to $747.7 million, compared to $782.7 million in the same quarter last year. The consensus estimate was for revenues of $743.66 million.
The company expects net sales for the third-quarter could range from $675 million to $695 million, and EPS could be in the range of $0.48 to $0.50. Analysts expect earnings of $0.62 per share on revenues of $731.77 million.
ScanSource gapped open lower Friday and steadily declined during the first half hour of trade. The stock finished with a loss of 4.93 at $29.06 on the highest volume of the year. ScanSource dropped to a 2-month low and fell below both its 50 and 200-day moving averages.
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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.