ScanSource Inc. (SCSC) announced a profit for its first quarter that Increased from last year and beat the Street estimates.
The company's earnings totaled $19.878 million, or $0.89 per share. This compares with $16.974 million, or $0.69 per share, last year.
Excluding items, ScanSource Inc. reported adjusted earnings of $23.685 million or $1.06 per share for the period.
Analysts on average had expected the company to earn $0.93 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 4.6% to $739.650 million from $775.580 million last year.
ScanSource Inc. earnings at a glance (GAAP) :
-Earnings: $19.878 Mln. vs. $16.974 Mln. last year.-EPS: $0.89 vs. $0.69 last year.-Revenue: $739.650 Mln vs. $775.580 Mln last year.
Looking ahead, for the full year, the company has reaffirmed its annual outlook.
ScanSource still expects adjusted EBITDA of $150 million to $160 million, on revenue of $3.1 billion to $3.3 billion, compared with Street view of $3.18 billion.
SCSC was down by 15.98% at $35.18 in the pre-market trade on the Nasdaq.
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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.