ScanSource Inc. (SCSC) revealed a profit for its third quarter that increased from last year and beat the Street estimates.
The company's bottom line came in at $17.43 million, or $0.74 per share. This compares with $12.81 million, or $0.50 per share, last year.
Excluding items, ScanSource Inc. reported adjusted earnings of $20.30 million or $0.86 per share for the period.
Analysts on average had expected the company to earn $0.77 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 6.3% to $704.847 million from $752.599 million last year.
ScanSource Inc. earnings at a glance (GAAP) :
-Earnings: $17.43 Mln. vs. $12.81 Mln. last year.
-EPS: $0.74 vs. $0.50 last year.
-Revenue: $704.847 Mln vs. $752.599 Mln last year.
-Guidance:
Full year revenue guidance: $3 billion
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