ScanSource Q1 2024 Adj. EPS $0.74 Misses $0.9 Estimate, Revenue $876.305M Misses $921.466M Estimate
Portfolio Pulse from Benzinga Newsdesk
ScanSource reported Q1 2024 adjusted EPS of $0.74, missing the estimate of $0.9. The company's revenue of $876.305M also fell short of the $921.466M estimate.
November 09, 2023 | 1:33 pm
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NEGATIVE IMPACT
ScanSource's Q1 2024 earnings and revenue missed estimates, which could negatively impact the company's stock price in the short term.
ScanSource's earnings and revenue for Q1 2024 fell short of estimates. This underperformance could lead to a decrease in investor confidence and a potential drop in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100