ScanSource Q2 Adj EPS $0.85 Misses $0.97 Estimate, Sales $884.79M Miss $945.60M Estimate
Portfolio Pulse from Benzinga Newsdesk
ScanSource reported Q2 adjusted EPS of $0.85, missing the consensus estimate of $0.97, and sales of $884.79M, below the expected $945.60M. This represents a decrease in both earnings and sales compared to the same period last year.
February 06, 2024 | 1:32 pm
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ScanSource reported lower than expected Q2 earnings and sales, with a significant decrease compared to last year.
The miss in both earnings per share and sales compared to analyst estimates, along with a significant decrease from the previous year's figures, is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100