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 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.