ScanSource Shares Climb 9% (SCSC)

Shares of ScanSource, Inc.

are currently up 9% at $31.13 per share during Friday morning trading. Today's trading range for shares of ScanSource, Inc has been between $29.52 and $31.13 per share. The consensus price target of analysts covering the company's stock is $33.63 per share. Volume of shares traded is 151,000, compared to the daily average volume of 92,000 total shares traded. ScanSource, Inc. (

) released financial results on Thursday after the market closed that beat Wall Street estimates. ScanSource, Inc. reported fiscal 1st quarter earnings of 58 cents per share, on revenue of $635 million. A poll of analysts conducted by Thomson Reuters showed an average Wall Street estimate of expected earnings of 52 cents per share, on revenue of $612.54 million. CEO Mike Baur said, “The ScanSource team delivered impressive results with record sales in almost every market, technology and geography. Our growth was a result of strong demand and market share gains led by our international sales team.” Read more