ScanSource Q3 Results Miss Estimates; Trims FY24 Sales Outlook

RTTNews | 877 hari yang lalu
ScanSource Q3 Results Miss Estimates; Trims FY24 Sales Outlook

(RTTNews) - Technology company ScanSource, Inc. (SCSC) reported Tuesday that net earnings for the third quarter decreased to $12.81 million or $0.50 per share from $21.22 million or $0.83 per share in the prior-year quarter. Excluding items, adjusted earnings were $0.69 per share, compared to $0.96 per share in the year-ago quarter.

On average, three analysts polled by Thomson Reuters expected the company to report earnings of $0.84 per share for the quarter. Analysts' estimates typically exclude special items.

Net sales for the quarter declined 15.0 percent to $752.60 million from $885.52 million in the same quarter last year. Analysts expected sales of $822.71 million for the quarter.

Looking ahead to fiscal 2024, the company now projects net sales of at least $3.3 billion, down from the prior forecast of at least $3.5 billion. The Street is looking for sales of $3.60 billion for the year.

ScanSource also announced a new $100 million authorization by its Board of Directors to purchase shares of the Company's common stock.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

baca selengkapnya
ScanSource Q4 Results Miss Estimates; Guides FY25 Sales In Line With View

ScanSource Q4 Results Miss Estimates; Guides FY25 Sales In Line With View

Technology company ScanSource, Inc. (SCSC) reported Tuesday that net earnings for the fourth quarter decreased to $16.10 million or $0.64 per share from $17.10 million or $0.68 per share in the prior-year quarter. Excluding items, adjusted earnings were $0.80 per share, compared to $0.76 per share in the year-ago quarter.
RTTNews | 765 hari yang lalu
ScanSource Q2 Results Miss Estimates; Trims FY24 Sales Outlook

ScanSource Q2 Results Miss Estimates; Trims FY24 Sales Outlook

Technology company ScanSource, Inc. (SCSC) reported Tuesday that net earnings for the second quarter increased to $32.73 million or $1.29 per share from $25.73 million or $1.01 per share in the prior-year quarter. Excluding items, adjusted earnings were $0.85 per share, compared to $1.06 per share in the year-ago quarter.
RTTNews | 968 hari yang lalu
Swiss Market Ends Sharply Lower

Swiss Market Ends Sharply Lower

The Switzerland market ended sharply lower on Thursday, like most of the markets across Europe, as higher bond yields and rising oil prices continued to hurt sentiment, prompting investors to exit counters. Data showing an acceleration in Swiss consumer price inflation in September hurt as well.
RTTNews | 3 jam 45 menit yang lalu
European Markets Slide To Multi-Month Lows Amid Energy, Yield Surge

European Markets Slide To Multi-Month Lows Amid Energy, Yield Surge

European equities declined sharply Thursday amid rising oil prices and bond yields. The FTSE 100 fell 1.68%, DAX dropped over 1%, and CAC 40 lost 1.6%. Brent crude climbed to $101.50, up 3.5%. Regional inflation concerns raised monetary tightening prospects.
RTTNews | 4 jam 11 menit yang lalu
U.S. Construction Spending Unexpectedly Increases In August

U.S. Construction Spending Unexpectedly Increases In August

A report released by the Commerce Department on Thursday showed an unexpected increase in U.S. construction spending in the month of August. The Commerce Department said construction spending climbed by 0.9 percent to an annual rate of $2.203 trillion in August after edging down by 0.1 percent to a revised rate of $2.185 trillion in July.
RTTNews | 6 jam 47 menit yang lalu
U.S. Manufacturing Index Edges Lower In September But Still Indicates Growth

U.S. Manufacturing Index Edges Lower In September But Still Indicates Growth

Manufacturing activity in the U.S. expanded for the ninth consecutive month in September, according to a report released by the Institute for Supply Management on Thursday. The ISM said its manufacturing PMI edged down to 54.5 in September from 54.6 in August, but a reading above 50 still indicates growth. Economists had expected the index to inch up to 55.0.
RTTNews | 6 jam 53 menit yang lalu
U.S. Jobless Claims Unexpectedly Edge Down To 197,000

U.S. Jobless Claims Unexpectedly Edge Down To 197,000

A day ahead of the release of its more closely watched monthly jobs report, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits unexpectedly edged slightly lower in the week ended September 26th. The Labor Department said initial jobless claims slipped to 197,000, a decrease of 1,000 from the previous week's revised level of 198,000.
RTTNews | 8 jam 25 menit yang lalu