ScanSource (NASDAQ:SCSC) Announces Earnings Results, Misses Expectations By $0.15 EPS

ScanSource (NASDAQ:SCSC - Get Free Report) announced its earnings results on Tuesday. The industrial products company reported $0.69 EPS for the quarter, missing analysts' consensus estimates of $0.84 by ($0.15), Briefing.com reports. The company had revenue of $752.60 million during the quarter, compared to the consensus estimate of $822.10 million. ScanSource had a return on equity of 9.18% and a net margin of 2.45%. ScanSource's revenue for the quarter was down 15.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.96 earnings per share.

ScanSource Price Performance

ScanSource stock traded up $1.73 during mid-day trading on Wednesday, hitting $46.59. The stock had a trading volume of 485,780 shares, compared to its average volume of 207,451. The company has a current ratio of 2.30, a quick ratio of 1.36 and a debt-to-equity ratio of 0.17. The firm's 50 day moving average is $42.48 and its 200 day moving average is $38.70. The firm has a market capitalization of $1.17 billion, a P/E ratio of 12.89, a P/E/G ratio of 1.26 and a beta of 1.51. ScanSource has a one year low of $26.26 and a one year high of $47.38.

ScanSource Company Profile

ScanSource, Inc distributes technology products and solutions in the United States, Canada, and internationally. It operates through two segments, Specialty Technology Solutions and Modern Communications & Cloud. The Specialty Technology Solutions segment provides a portfolio of solutions primarily for enterprise mobile computing, data capture, barcode printing, point of sale (POS), payments, networking, electronic physical security, cyber security, and other technologies.