ScanSource Inc. Q4 Profit Decreases, but beats estimates

(RTTNews) - ScanSource Inc. (SCSC) announced a profit for fourth quarter that decreased from the same period last year but beat the Street estimates.

The company's earnings came in at $18.812 million, or $0.75 per share. This compares with $19.947 million, or $0.78 per share, in last year's fourth quarter.

Excluding items, ScanSource Inc. reported adjusted earnings of $19.213 million or $0.76 per share for the period.

Analysts on average had expected the company to earn $0.75 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 1.6% to $947.149 million from $962.283 million last year.

ScanSource Inc. earnings at a glance (GAAP) :

-Earnings (Q4): $18.812 Mln. vs. $19.947 Mln. last year. -EPS (Q4): $0.75 vs. $0.78 last year. -Analyst Estimates: $0.75 -Revenue (Q4): $947.149 Mln vs. $962.283 Mln last year.