ScanSource Inc. Profit Advances 11% In Q3

(RTTNews) - ScanSource Inc. (SCSC) announced earnings for its third quarter that gained ground compared to the same period last year.

The company said its bottom line climbed to $16.5 million, or $0.64 per share. This was higher than $14.9 million, or $0.52 per share, in last year's third quarter.

Analysts had expected the company to earn $0.65 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 4.6% to $798.4 million. This was up from $763.2 million last year.

ScanSource Inc. earnings at a glance:

-Earnings (Q3): $16.5 Mln. vs. $14.9 Mln. last year. -Earnings Growth (Y-o-Y): 10.7% -EPS (Q3): $0.64 vs. $0.52 last year. -EPS Growth (Y-o-Y): 23.1% -Analysts Estimate: $0.65 -Revenue (Q3): $798.4 Mln vs. $763.2 Mln last year. -Revenue Change (Y-o-Y): 4.6%

-Guidance: Next quarter EPS guidance: $0.70 - $0.74 Next quarter revenue guidance: $900 - $950 Mln