ScanSource (SCSC) Misses Q3 EPS by 9c, Revenues Beat

ScanSource (NASDAQ: SCSC) reported Q3 EPS of $0.37, $0.09 worse than the analyst estimate of $0.46. Revenue for the quarter came in at $872.5 million versus the consensus estimate of $737.85 million.

“In March, companies around the world, including ours, immediately shifted to work-from-home,” said Mike Baur, Chairman and CEO, ScanSource, Inc. “I am proud of how our ScanSource employees made the transition to work-from-home and delivered the same level of customer service. During the quarter, we saw an accelerated decline in our sales of premise-based communications products. However, we had a significant increase in sales of headsets, cameras, speakers, keyboards, displays, back-up power supplies, IP desk phones, and connectivity to support remote workers. Overall, we are pleased with our results delivering on our sales expectations.”

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

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