Why ScanSource Stock Is Soaring Today
ScanSource's fiscal Q4 report arrived with plenty for shareholders to be happy about.
Overview
ScanSource (NASDAQ: SCSC) is seeing strong bullish momentum in Thursday's trading following the company's recent quarterly report. The cloud connectivity specialist's share price was up 16.2% as of 11:15 a.m. ET -- and the stock had been up as much as 28.4% closer to the opening of the market.
Before trading started this morning, ScanSource published results for the fourth quarter of its 2026 fiscal year -- a period that ended June 30. In addition to posting sales and earnings that exceeded Wall Street's targets, the company also announced a major acquisition move.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.