ScanSource Q4 Earnings Lag Estimates, Revenues Fall Y/Y

ScanSource, Inc. (SCSC) reported adjusted earnings of 80 cents per share in fourth-quarter fiscal 2024 (ended June 30, 2024), missing the Zacks Consensus Estimate of 95 cents. The bottom line, however, improved 5.3% from the prior-year quarter's earnings of 76 cents. On a reported basis, the company delivered earnings of 64 cents per share compared with the prior-year quarter's 68 cents per share. SCSC's Revenues Plunge on Weak Demand The company reported net sales of $746 million in the quarter under revie ...