NasdaqGS:SCSCElectronic
ScanSource (SCSC) Stock Falls Despite Record EPS And Cash Flow
ScanSource stock closed down about 3.5% today, even though the latest quarter landed with the kind of punch long term holders usually want to see. The distributor posted Q4 revenue of US$953.1m and basic earnings per share of US$1.26, capping a year in which trailing earnings moved higher and valuation multiples stayed below peers.
In the very short term traders focused on the red on the screen. Over a multi year lens the bigger story is a record non GAAP earnings print, rising recurring...