AP NEWS

ScanSource: Fiscal 2Q Earnings Snapshot

February 4, 2020 GMT

GREENVILLE, S.C. (AP) _ ScanSource Inc. (SCSC) on Tuesday reported fiscal second-quarter net income of $11.4 million.

The Greenville, South Carolina-based company said it had net income of 45 cents per share. Earnings, adjusted for non-recurring costs, were 77 cents per share.

The technology products distributor posted revenue of $989.5 million in the period.

For the current quarter ending in April, ScanSource expects its per-share earnings to range from 44 cents to 54 cents.

The company said it expects revenue in the range of $865 million to $915 million for the fiscal third quarter.

ScanSource shares have decreased 3% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $35.79, a fall of roughly 7% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SCSC at https://www.zacks.com/ap/SCSC