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ScanSource Q2 Results Miss Estimates; Trims FY24 Sales Outlook

RTTNews | vor 568 Tagen

ScanSource Q2 Results Miss Estimates; Trims FY24 Sales Outlook

(RTTNews) - Technology company ScanSource, Inc. (SCSC) reported Tuesday that net earnings for the second quarter increased to $32.73 million or $1.29 per share from $25.73 million or $1.01 per share in the prior-year quarter. Excluding items, adjusted earnings were $0.85 per share, compared to $1.06 per share in the year-ago quarter.

On average, three analysts polled by Thomson Reuters expected the company to report earnings of $0.97 per share for the quarter. Analysts' estimates typically exclude special items.

Net sales for the quarter declined 12.5 percent to $884.79 million from $1.01 billion in the same quarter last year. Analysts expected sales of $945.60 million for the quarter.

Looking ahead to fiscal 2024, the company now projects net sales of at least $3.5 billion, down from the prior forecast of at least $3.8 billion. The Street is looking for sales of $3.74 billion for the year.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

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ScanSource Q4 Results Miss Estimates; Guides FY25 Sales In Line With View

ScanSource Q4 Results Miss Estimates; Guides FY25 Sales In Line With View

Technology company ScanSource, Inc. (SCSC) reported Tuesday that net earnings for the fourth quarter decreased to $16.10 million or $0.64 per share from $17.10 million or $0.68 per share in the prior-year quarter. Excluding items, adjusted earnings were $0.80 per share, compared to $0.76 per share in the year-ago quarter.

RTTNews | vor 365 Tagen

ScanSource Q3 Results Miss Estimates; Trims FY24 Sales Outlook

ScanSource Q3 Results Miss Estimates; Trims FY24 Sales Outlook

Technology company ScanSource, Inc. (SCSC) reported Tuesday that net earnings for the third quarter decreased to $12.81 million or $0.50 per share from $21.22 million or $0.83 per share in the prior-year quarter. Excluding items, adjusted earnings were $0.69 per share, compared to $0.96 per share in the year-ago quarter.

RTTNews | vor 478 Tagen

Asian Shares Rise As Nvidia Beats Expectations

Asian Shares Rise As Nvidia Beats Expectations

Asian stocks ended mostly higher on Thursday as Nvidia's strong results quelled worries over weakening AI demand.

RTTNews | vor 8 Minuten

U.S. Dollar Falls Amid Fed Rate Cut Speculation

U.S. Dollar Falls Amid Fed Rate Cut Speculation

The U.S. dollar weakened against other major currencies in the Asian session on Thursday, after the Fed official left the door open for an interest rate cut next month.

RTTNews | vor 12 Minuten

Europe Car Sales Rebound In July

Europe Car Sales Rebound In July

Europe's new car sales rebounded in July on strong demand for battery electric and plug-in hybrid cars, the European Automobile Manufacturers' Association reported Thursday. Car registrations in the European Union advanced 7.4 percent year-on-year in July, offsetting June's 7.3 percent decrease. Data showed an annual rise of 39.1 percent for battery-electric and 14.3 percent for hybrid-electric

RTTNews | vor 1Std 16 Minuten

U.S. Dollar Falls Against Majors

U.S. Dollar Falls Against Majors

The U.S. dollar weakened against other major currencies in the Asian session on Thursday.

RTTNews | vor 1Std 39 Minuten

European Shares Seen Higher At Open

European Shares Seen Higher At Open

European stocks are seen opening broadly higher on Thursday even as Nvidia's disappointing sales forecast raised concerns about the AI spending boom.

RTTNews | vor 3Std 8 Minuten

Sensex Nifty Decline On Tariff Worries

Sensex Nifty Decline On Tariff Worries

Indian shares opened on a sluggish note on Thursday after U.S. President Donald Trump's 50 percent tariffs on Indian goods came into effect, impacting trade worth billions of dollars and risking Washington-New Delhi ties.

RTTNews | vor 4Std 0 Minuten

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