ScanSource Q3 2024 Adj EPS $0.69 Misses $0.84 Estimate, Sales $752.599M Miss $822.710M Estimate
Portfolio Pulse from Benzinga Newsdesk
ScanSource reported Q3 2024 adjusted EPS of $0.69, missing the $0.84 estimate, and sales of $752.599M, below the $822.710M estimate. This represents a 28.13% decrease in earnings and a 15.01% decrease in sales from the same period last year.
May 07, 2024 | 12:31 pm
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NEGATIVE IMPACT
ScanSource's Q3 2024 earnings and sales missed estimates, with a significant decrease compared to last year.
The missed earnings and sales estimates, along with the significant year-over-year decreases, are likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100