Scansource Inc (SCSC)
ScanSource Inc. is a global provider of technology solutions, specializing in value-added distribution of barcode, payment, physical security, POS, laser, and RFID hardware, as well as networking and communications solutions. Founded in 1992 and headquartered in Georgia, the company serves resellers and systems integrators across various markets, including retail, hospitality, healthcare, and manufacturing, offering comprehensive products and services to support technology deployment and growth.
Company News
ScanSource CEO Michael L. Baur sold over $3.2 million worth of company stock in a series of transactions, while also acquiring shares through the exercise of stock options. The sales were made under a pre-arranged trading plan, and the company has recently reported mixed financial results.
ScanSource (SCSC) delivered earnings and revenue surprises of -17.86% and 8.50%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?
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A modest boost to the growth outlook wasn't enough for Wall Street.
