India, May 7 -- Technology company ScanSource, Inc. (SCSC) reported Tuesday that net earnings for the third quarter decreased to $12.81 million or $0.50 per share from $21.22 million or $0.83 per share in the prior-year quarter. Excluding items, adjusted earnings were $0.69 per share, compared to $0.96 per share in the year-ago quarter.
On average, three analysts polled by Thomson Reuters expected the company to report earnings of $0.84 per share for the quarter. Analysts' estimates typically exclude special items.
Net sales for the quarter declined 15.0 percent to $752.60 million from $885.52 million in the same quarter last year. Analysts expected sales of $822.71 million for the quarter.
Looking ahead to fiscal 2024, the company now p...