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ScanSource: Fiscal 4Q Earnings Snapshot

GREENVILLE, S.C. (AP) _ ScanSource Inc. (SCSC) on Tuesday reported fiscal fourth-quarter earnings of $11.6 million.

On a per-share basis, the Greenville, South Carolina-based company said it had net income of 45 cents. Earnings, adjusted for one-time gains and costs, were 71 cents per share.

The technology products distributor posted revenue of $960.8 million in the period.

For the year, the company reported profit of $57.6 million, or $2.24 per share. Revenue was reported as $3.87 billion.

For the current quarter ending in October, ScanSource expects its per-share earnings to range from 70 cents to 75 cents.

The company said it expects revenue in the range of $970 million to $1.03 billion for the fiscal first quarter.

ScanSource shares have fallen 9% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $31.27, a decrease of 27% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SCSC at https://www.zacks.com/ap/SCSC