ScanSource Inc. Q4 adjusted earnings Inline With Estimates

(RTTNews) - ScanSource Inc. (SCSC) reported a profit for fourth quarter that decreased from the same period last year.

The company's bottom line came in at $10.4 million, or $0.40 per share. This compares with $19.0 million, or $0.74 per share, in last year's fourth quarter.

Excluding items, ScanSource Inc. reported adjusted earnings of $19.9 million or $0.77 per share for the period.

Analysts had expected the company to earn $0.77 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 8.4% to $993.9 million from $917.3 million last year.

ScanSource Inc. earnings at a glance:

-Earnings (Q4): $19.9 Mln. vs. $17.3 Mln. last year. -EPS (Q4): $0.77 vs. $0.68 last year. -Analysts Estimate: $0.77 -Revenue (Q4): $993.9 Mln vs. $917.3 Mln last year.

-Guidance: Next quarter EPS guidance: $0.83 to $0.89 Next quarter revenue guidance: $0.95 - $1.01 Bln