Welcome to our dedicated page for Scansource news (Ticker: $SCSC), a resource for investors and traders seeking the latest updates and insights on Scansource stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Scansource's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Scansource's position in the market.
ScanSource, Inc. (NASDAQ: SCSC) reported its third-quarter results with a decrease in net sales, gross profit, operating income, and net income compared to the previous year. The company highlighted strong margins and free cash flow despite lower hardware sales. Specialty Technology Solutions and Modern Communications & Cloud segments experienced a decline in net sales. However, Intelisys net sales increased. The company announced a new $100 million share purchase authorization. The updated annual financial outlook for fiscal year 2024 includes a decrease in net sales, adjusted EBITDA, and free cash flow expectations.
Intelisys, a ScanSource company, announced the appointment of Eddie Acosta as Vice President of Sales, Central Region. Acosta brings over 20 years of experience in cloud-based technology services. His role involves leading the central region sales team and driving strategy, account management, and business development.