ScanSource hits more than one-year low after Q4 profit miss

ScanSource

24/08/2022 16:59

** Computer hardware company ScanSource Inc's shares
 SCSC.O  fall as much as ~21% to a near 13-month low of $27  
    ** SCSC reports a profit of 91 cents a share in Q4, missing
market estimates of 97 cents a share - Refinitiv 
    ** Co reports net sales of $962.3 mln, an increase of ~13%
from a year ago  urn:newsml:reuters.com:*:nBw8hnlCRa
    ** Co sees net sales growth in FY23 of at least 5.5%
    ** SCSC has dropped more than 19% so far this year, compared
with a ~17% decline in the S&P 600 technology  .SPSMCT 

 (Reporting by Shashwat Chauhan in Bengaluru)
 ((Shashwat.Chauhan@thomsonreuters.com))