ScanSource Inc. Q1 Income Falls 12%

(RTTNews) - ScanSource Inc. (SCSC) released earnings for first quarter that retreated from last year.

The company said its profit dropped to $18.9 million, or $0.68 per share. This was lower than $21.6 million, or $0.75 per share, in last year's first quarter.

Analysts had expected the company to earn $0.56 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 10.0% to $870.8 million. This was up from $791.7 million last year.

ScanSource Inc. earnings at a glance:

-Earnings (Q1): $18.9 Mln. vs. $21.6 Mln. last year. -Earnings Decline (Y-o-Y): -12.5% -EPS (Q1): $0.68 vs. $0.75 last year. -EPS Decline (Y-o-Y): -9.3% -Analysts Estimate: $0.56 -Revenue (Q1): $870.8 Mln vs. $791.7 Mln last year. -Revenue Change (Y-o-Y): 10.0%

-Guidance: Next quarter EPS guidance: $0.72 - $0.80 Next quarter revenue guidance: $900 - $980 Mln