ScanSource Q3 Profit Rises - Quick Facts

(RTTNews) - ScanSource, Inc. (SCSC) reported that its third-quarter net income increased to $16.9 million, or $0.59 per share, from $14.0 million, or $0.50 per share, last year.

On average, three analysts polled by Thomson Reuters expected the company to report profit per share of $0.54 for the quarter. Analysts' estimates typically exclude special items.

Net sales totaled $683.0 million, which are unchanged from net sales for the prior year quarter. Analysts expected revenue of $710.27 million for the quarter.

ScanSource expects its fourth-quarter net sales to range from $715 million to $745 million and diluted earnings per share to range from $0.55 to $0.58. Analysts expect the company to report fourth-quarter earnings per share of $0.65 on revenue of $738.53 million.