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ScanSource (SCSC) Stock Rises 16.2% After Strong Q4 Earnings
ScanSource (NASDAQ: SCSC) saw its share price increase by 16.2% as of 11:15 a.m. ET on Thursday, following its fiscal Q4 report for 2026. Revenue grew approximately 17% year-over-year to $953.1 million, exceeding analyst expectations by $151 million. Non-GAAP earnings per share were $1.46, surpassing targets by $0.32. In a significant move, the company announced its acquisition of MicroAge for $220.5 million, expected to enhance sales and margins. This positive financial performance indicates potential growth for investors interested in ScanSource's projected sales increases and earnings guidance for fiscal 2027.
Read More: ScanSource (SCSC) Stock Rises 16.2% After Strong Q4 Earnings