ScanSource To Report Lower 4Q Revenue Than Expected
ScanSource expects fourth-quarter revenue to be between $750 million to $760 million, about $20 million to $30 million less than analysts were forecasting.
In the year-ago quarter, ScanSource reported $735 million. The Greenville, S.C.-based distributor will report its full quarter-end and fiscal year-end results on Aug. 16.
ScanSource shares fell 91 cents to $29.50 Tuesday after the company reported its fourth-quarter revenue.