Baird Downgrades ScanSource (SCSC) to Neutral Following Q3 Earnings
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Robert W. Baird downgrades ScanSource (Nasdaq: SCSC) from Outperform to Neutral.
ScanSource reported its Q3 results last night: EPS came in at $0.35, 6 cents better than the analyst estimate of $0.29, while sales for the quarter were $390 million, versus the consensus of $434.12 million. The stock is currently relatively flat from yesterday's close.
ScanSource, Inc. operates as a wholesale distributor of specialty technology products to resellers.
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