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Alexkid

ScanSource sales rise nearly 5 pct as company sees 'resurgence of big deals'
(AP) 03:52:59 AM (ET), Saturday, August 21, 2010 (SAN FRANCISCO)
ScanSource Inc. shares jumped nearly 5 percent Friday after the seller of barcode scanners and retail payment terminals posted better-than-expected earnings and said it is seeing a "resurgence of big deals."

Analysts Anthony Kure and Karl Ackerman with KeyBanc Capital Markets wrote in a note to clients that ScanSource's numbers reflect "the acceleration of larger volume transactions, which included a healthier performance in the retail end market, along with strong sales in international markets."

It appeared the company "was able to leverage its scale and purchasing power _ relative to smaller competitors _ and likely gained market share," the analysts wrote Friday.

ScanSource shares rose 4.8 percent, or $1.24, to $26.90.

ScanSource's net income for the three months ended June 30 rose 12 percent to $14.0 million, or 52 cents per share, from $12.5 million, or 47 cents per share, a year ago. Analysts expected 47 cents per share.

Revenue jumped 32 percent to $582.3 million, from $441.2 million a year ago. Analysts expected $579.0 million.

CEO Mike Baur said the company saw better sales to "an increasing number of customers and were pleased to see a resurgence of big deals."

For the company's full fiscal year, net income rose 2 percent to $48.8 million and revenue increased 14 percent to $2.1 billion.

For the current quarter, the company expects revenue of $555 million to $575 million, it said in reporting the quarterly results Thursday. Analysts expect $568 million.


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* "Better than expected."
These annalists has to wonder why their estimations/forecasts has been beaten soundly by the companies day to day.
Let's all keep this pace going ! *

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