ScanSource Earnings Rise

Sales increased 10 percent to $408.5 million, compared with $370.1 million in the year-ago quarter. Earnings for the Greenville, S.C.-based distributor were $9.3 million, or 71 cents per diluted share, compared with earnings of $9.1 million, or 69 cents per diluted share, in the year-ago quarter. Analysts expected earnings of 78 cents, according to Thomson Financial/First Call.

"We had excellent year-over-year growth in our communications business units and in our bar code business. Our AIDC/ POS sales team had to overcome continued market weakness in POS systems sales," said Mike Baur, president and CEO of ScanSource, in a statement. "Overall AIDC/ POS product sales were led by record sales in our international unit which serves Latin America and Europe."

ScanSource shares closed Thursday at $60.20, up 56 cents.

The company said it expects third quarter revenue between $395 million and $415 million.