ScanSource Inc. Bottom Line Advances 20% In Q2

(RTTNews) - ScanSource Inc. (SCSC) announced earnings for its second quarter that increased from last year.

The company said its bottom line came in at $23.7 million, or $0.88 per share. This was higher than $19.7 million, or $0.68 per share, in last year's second quarter.

Analysts had expected the company to earn $0.74 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 23.1% to $993.5 million. This was up from $807.0 million last year.

ScanSource Inc. earnings at a glance:

-Earnings (Q2): $23.7 Mln. vs. $19.7 Mln. last year. -Earnings Growth (Y-o-Y): 20.3% -EPS (Q2): $0.88 vs. $0.68 last year. -EPS Growth (Y-o-Y): 29.4% -Analysts Estimate: $0.74 -Revenue (Q2): $993.5 Mln vs. $807.0 Mln last year. -Revenue Change (Y-o-Y): 23.1%