ScanSource Reports Q1 Revenue Beat Amid Non-GAAP EPS Miss
ScanSource (SCSC) reported first-quarter financial results characterized by a significant revenue beat alongside an earnings miss. The company achieved revenue of $962.2 million, representing a 30.1% year-over-year increase and exceeding analyst expectations by approximately $101 million. Despite the top-line strength, ScanSource's Non-GAAP earnings per share (EPS) of $0.86 fell short of estimates by $0.26. The company continues to focus on strategic growth through mergers and acquisitions, specifically advancing its acquisition of MicroAge to drive long-term value.
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