01:57 PM EST, 11/07/2024 (MT Newswires) -- ScanSource ( SCSC ) shares were up nearly 4% in recent Thursday trading after the company reported higher fiscal Q1 non-GAAP earnings that beat analysts' expectations.

The company reported fiscal Q1 non-GAAP earnings of $0.84 per diluted share, up from $0.74 a year earlier.

Three analysts polled by Capital IQ expected $0.78 a share.

Net sales for the quarter ended Sept. 30 were $775.6 million, down from $876.3 million a year earlier.

Three analysts surveyed by Capital IQ expected $799.9 million.

The company reiterated its fiscal 2025 net sales guidance of $3.1 billion to $3.5 billion.

Three analysts polled by Capital IQ expect $3.33 billion.

Price: 52.30, Change: +1.89, Percent Change: +3.75