ScanSource (SCSC) Misses Q4 EPS by 11c, Revenues Miss

ScanSource (NASDAQ: SCSC) reported Q4 EPS of $0.71, $0.11 worse than the analyst estimate of $0.82. Revenue for the quarter came in at $960.8 million versus the consensus estimate of $999.63 million.

“While we did not finish our fiscal year as strongly as we started, we delivered record net sales of $3.9 billion for fiscal year 2019,” said Mike Baur, Chairman and CEO, ScanSource, Inc. “In North America, we are executing on our strategic initiatives to offer technology solutions, services and recurring revenue as One ScanSource. Earlier today, we announced plans to divest of certain businesses outside of the United States, Canada and Brazil to align our investments with higher-growth, higher-margin businesses.”

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

You May Also Be Interested In

• AeroVironment restates quarterly financials, citing $89M goodwill error
• Ledyard Financial Group names Charles Petersen as board chair
• Ennis (EBF) Reports In-Line Q1 EPS