ScanSource Inc. Reveals Rise In Q2 Earnings

(RTTNews) - ScanSource Inc. (SCSC) reported a profit for its second quarter that rose compared to the same period last year.

The company said its bottom line came in at $23.0 million, or $0.90 per share. This was up from $19.1 million, or $0.75 per share, in last year's second quarter.

Analysts had expected the company to earn $0.91 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 14.4% to $1.03 billion. This was up from $0.90 billion last year.

ScanSource Inc. earnings at a glance:

-Earnings (Q2): $23.0 Mln. vs. $19.1 Mln. last year. -Earnings Growth (Y-o-Y): 20.4% -EPS (Q2): $0.90 vs. $0.75 last year. -EPS Growth (Y-o-Y): 20.0% -Analysts Estimate: $0.91 -Revenue (Q2): $1.03 Bln vs. $0.90 Bln last year. -Revenue Change (Y-o-Y): 14.4%

-Guidance: Next quarter EPS guidance: $0.67 to $0.73