ScanSource Non-GAAP EPS Aligns with Expectations, but Revenue Falls Short

Wednesday, 28 August 2024, 06:02

ScanSource reports Non-GAAP EPS of $0.80, aligning with expectations, while revenue of $746.11M falls short by $87.19M. This indicates a significant decline in performance year-over-year. Key insights into future growth and guidance can provide a clearer picture of the company's trajectory.
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ScanSource Non-GAAP EPS Aligns with Expectations, but Revenue Falls Short

ScanSource Reports Q4 Results

ScanSource (NASDAQ:SCSC) has announced a Non-GAAP EPS of $0.80 for the fourth quarter, meeting market expectations. However, the revenue reported was $746.11 million, which reflects a -21.2% year-over-year decline and misses forecasts by $87.19 million.

Key Financial Metrics

  • Q4 Non-GAAP EPS: $0.80
  • Total Revenue: $746.11 million
  • Year-over-Year Revenue Change: -21.2%
  • Revenue Miss: $87.19 million

Future Outlook and Guidance

While the EPS is in line with expectations, analysts and investors will be keenly interested in the company's future guidance. The missed revenue targets may raise concerns about the overall health of ScanSource's operations and its ability to compete in the current market landscape. Understanding these dynamics remains crucial for stakeholders.

Final Thoughts on ScanSource's Performance

Moving forward, investors should closely monitor ScanSource's adherence to its guidance. With a backdrop of economic shifts affecting many sectors, tracking how the company adapts will be integral to assessing its long-term viability.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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