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ScanSource Inc. Q3 adjusted earnings Miss Estimates

ScanSource Inc. (SCSC) released earnings for third quarter that fell from last year.

The company's bottom line came in at $10.6 million, or $0.42 per share. This compares with $12.4 million, or $0.49 per share, in last year's third quarter.

Excluding items, ScanSource Inc. reported adjusted earnings of $17.5 million or $0.68 per share for the period.

Analysts had expected the company to earn $0.70 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 10.1% to $895.6 million from $813.5 million last year.

ScanSource Inc. earnings at a glance:

-Earnings (Q3): $17.5 Mln. vs. $16.4 Mln. last year.
-EPS (Q3): $0.68 vs. $0.65 last year.
-Analysts Estimate: $0.70
-Revenue (Q3): $895.6 Mln vs. $813.5 Mln last year.

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