ScanSource Q1 Profit Tops View; Issues Q2 Outlook - Quick Facts

(RTTNews) - ScanSource, Inc. (SCSC) Thursday reported first-quarter net income of $19.4 million or $0.69 per share, compared to $17.6 million or $0.63 per share in the same period last year.

Net sales decreased to $731.90 million from $733.61 million last year.

On average, two analysts polled by Thomson Reuters expected the company to earn $0.58 per share on revenues of $730.00 million for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to the second quarter, the company has forecast earnings in the range of $0.62 to $0.64 per share, with revenues ranging between $740 million and $760 million. Analysts currently expect second quarter earnings of $0.68 per share on revenues of $777.72 million.