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What: Shares of ScanSource
So what: Sales were up 25% to $684 million, and net income shot 83% higher to $21.6 million or $0.80 per share. The communication business and strong end-market demand were the primary reasons for the better results.
Now what: This is the fourth quarter in a row that ScanSource has beaten estimates, so the few analysts covering the company have some catch-up to do. Its newly minted 15.6 price/earnings ratio means this company is a very good value for investors looking for growth. I think ScanSource continues to move higher on the back of these improved results.
Interested in more info on ScanSource? Add it to your watchlist.
Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.
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