Scansource Inc reports results for the quarter ended June 30 - Earnings Summary
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Scansource IncQ) reported adjusted earnings of $1.02 per share for the quarter ended June 30, exceeding last year's EPS of 80 cents and analysts' expectations of 92 cents. Revenue increased by 8.9% to $812.89 million, surpassing the expected $776.89 million. The company’s reported EPS was 88 cents, with a net income of $20.09 million. Scansource shares rose 1.7% this quarter but are down 10.4% year-to-date. Analysts maintain a "buy" rating, with a 12-month price target of $54.00, 21.2% above the last closing price of $42.53.
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