ScanSource Beats Estimates; Guidance Disappoints (SCSC)

ScanSource, Inc.

reports Q4 EPS of $0.52 versus estimates of $0.47. ScanSource, Inc. reports Q4 revenues of $582 million versus estimates of $579 million. Revenues increased 32% year over year. The company issued downside guidance for FY Q1; the company sees revenues of $555 to $575 million. This compares to the Street consensus of $576.74 million. "The ScanSource teams delivered excellent results for the June quarter across all product lines," said Mike Baur, CEO, ScanSource, Inc. "This quarter we sold to an increasing number of customers and were pleased to see a resurgence of big deals." Shares of SCSC are lower in the after-hours by 1.79%.