ScanSource, Inc. (NASDAQ:SCSC) reported fourth-quarter revenues of $746.1 million, down 21.2% year-on-year. Revenues trailed the street view of $843.1 million.
Adjusted EPS of $0.80 missed the analyst consensus estimate of $0.93. The stock plunged after the disappointing print.
Specialty Technology Solutions’ net sales for the fourth quarter decreased 13.7% year-over-year to $484.7 million due to softer demand.
Modern Communications & Cloud’s net sales for the fourth quarter decreased 32.2% year-over-year to $261.4 million due to lower sales volumes in communications hardware and Cisco products. Intelisys net sales for the ...
