ScanSource, Inc. (SCSC) posted a first-quarter net income of $10.94 million, lower than $12.43 million in the same quarter a year ago. On a per share basis, ScanSource Reported earnings of $0.41 versus $0.47 last Year.
Five analysts polled by Thomson Reuters estimated earnings of $0.44 per share. Analysts' estimates typically exclude one-time items.
For the first quarter, net sales declined to $488.43 million from $539.86 million last year, while analysts estimated sales of $474.05 million.
For the second quarter, the company expects net revenues in the range between $475 million to $495 million. Analysts now estimate revenue of $470.79 million.
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