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UPDATE: ScanSource, Inc. (SCSC) Tops Q4 EPS 1c; $120M Stock Buyback Plan

August 21, 2014 4:31 PM EDT

(Updated - August 21, 2014 4:37 PM EDT)

ScanSource, Inc. (Nasdaq: SCSC) reported Q4 EPS of $0.94, or $0.60 non-GAAP, both better than the analyst estimate of $0.59. Revenue for the quarter came in at $758.1 million versus the consensus estimate of $740.03 million.

ScanSource sees Q115 EPS of $0.59 - $0.61, versus the consensus of $0.66 and also sees Q115 revenue of $750 - $770 million, versus the consensus of $755.99 million.

The Company also announced a $120 million authorization by its Board of Directors to repurchase shares of the Company’s common stock over three years.

"We had a strong finish to fiscal year 2014 with sales and EPS above our expectations," said Mike Baur, CEO, ScanSource, Inc. "Our employees worldwide delivered excellent operating results for both of our business segments for the year

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



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