ScanSource (SCSC) Stock Rises 16.2% After Strong Q4 Earnings
Published on · Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowScanSource (NASDAQ: SCSC) saw its share price increase by 16.2% as of 11:15 a.m. ET on Thursday, following its fiscal Q4 report for 2026. Revenue grew approximately 17% year-over-year to $953.1 million, exceeding analyst expectations by $151 million. Non-GAAP earnings per share were $1.46, surpassing targets by $0.32. In a significant move, the company announced its acquisition of MicroAge for $220.5 million, expected to enhance sales and margins. This positive financial performance indicates potential growth for investors interested in ScanSource's projected sales increases and earnings guidance for fiscal 2027.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
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