ScanSource (SCSC) Misses Q4 EPS by 20c; Issues Light Q4 Outlook

August 29, 2016 4:08 PM EDT
Get Alerts SCSC Hot Sheet
Trade SCSC Now!
Join SI Premium – FREE

Get inside Wall Street with StreetInsider Premium. Claim your 2-week free trial here.

ScanSource (NASDAQ: SCSC) reported Q4 EPS of $0.51, $0.20 worse than the analyst estimate of $0.71. Revenue for the quarter came in at $877.5 million versus the consensus estimate of $886.2 million.

ScanSource also announced a new $120 million three-year authorization by its Board of Directors to repurchase shares of the Company’s common stock. Repurchases may be made in the open market or through privately negotiated transactions, and ScanSource may enter into Rule 10b5-1 plans to facilitate repurchases. This share repurchase authorization does not obligate ScanSource to purchase any particular amount of common stock, and it may be suspended at any time at the Company’s discretion.

GUIDANCE:

ScanSource sees Q1 2017 EPS of $0.60-$0.68, versus the consensus of $0.76. ScanSource sees Q1 2017 revenue of $875-925 million, versus the consensus of $933.8 million.

For earnings history and earnings-related data on ScanSource (SCSC) click here.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Earnings, Guidance, Hot Guidance, Stock Buybacks

Related Entities

Earnings

Add Your Comment