Recap: ScanSource Q1 Earnings

Shares of ScanSource (NASDAQ:SCSC) were flat in after-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share decreased 41.67% year over year to $0.42, which beat the estimate of $0.35.

Revenue of $757,342,000 decreased by 24.78% year over year, which beat the estimate of $728,670,000.

Guidance

ScanSource hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

How To Listen To The Conference Call

Date: Nov 09, 2020

Time: 05:00 PM

ET Webcast URL: https://edge.media-server.com/mmc/p/rqpxqjxw

Recent Stock Performance

Company's 52-week high was at $39.01

52-week low: $13.78

Price action over last quarter: Up 14.21%

Company Profile

ScanSource Inc provides value-added services for technology manufacturers and sells to resellers in specialty technology markets. The firm's operations are organized in two segments: Worldwide Barcode, Networking and Security, which focuses on automatic identification and data capture, point-of-sale, networking, electronic physical security, and 3-D printing technologies; and Worldwide communications and services, which focuses on communications technologies for vertical markets including education, healthcare, and government. The company generates a majority of its revenue from the Worldwide Barcode, Networking, and Security segment.