ScanSource gains after upbeat Q3 results

ScanSource

09/05/2023 16:25

** Shares of computer hardware company ScanSource Inc
 SCSC.O  up 6.3% at $28.05
    ** Stock set for its biggest one-day pct. rise in nearly a
year, if gains hold
    ** SCSC's Q3 revenue up 4.7% at $885.5 mln, beating
analysts' avg. est. of $881.05 mln - Refinitiv
    ** Company posts Q3 adj. profit of 96 cents/shr, vs
analysts' est. of 91 cents/shr
    ** SCSC now sees FY23 adj. EBITDA of at least $182 mln
compared with its prior forecast of at least $176 mln
    ** Company affirms FY23 net sales growth of at least 6.5% 
    ** SCSC down 4.6% YTD

 (Reporting by Richard Rohan Francis in Bengaluru)
 ((RichardRohan.Francis@thomsonreuters.com;))