ScanSource Inc. Q3 adjusted earnings Miss Estimates

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

The company's earnings totaled $11.7 million, or $0.45 per share. This compares with $10.6 million, or $0.42 per share, in last year's third quarter.

Excluding items, ScanSource Inc. reported adjusted earnings of $19.8 million or $0.77 per share for the period.

Analysts had expected the company to earn $0.80 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 0.2% to $893.4 million from $895.6 million last year.

ScanSource Inc. earnings at a glance:

-Earnings (Q3): $19.8 Mln. vs. $17.5 Mln. last year. -EPS (Q3): $0.77 vs. $0.68 last year. -Analysts Estimate: $0.80 -Revenue (Q3): $893.4 Mln vs. $895.6 Mln last year.