While reporting financial results for the third quarter on Thursday, technology company ScanSource, Inc. (SCSC) trimmed its net sales guidance for the full-year 2025 to approximately $.0 billion from the prior forecast range of $3.1 billion to $3.5 billion.
On average, four analysts polled expected the company to report revenues of $3.11 billion for the year.
ScanSource also announced a new $200 million authorization by its Board of Directors to purchase shares of its common stock. This share repurchase authorization does not include a time limit on purchases, and may be suspended at any time.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.