India, Aug. 20 -- Shares of ScanSource, Inc. (SCSC) are gaining about 17 percent on Thursday morning after the company reported strong financial results for the fourth quarter and entered into a definitive agreement to acquire privately-held IT solutions integrator MicroAge for $220.5 million.
The company's shares are currently trading at $60.33 on the Nasdaq, gaining 17.40 percent in the latest session. The stock opened at $64.67 and touched an intraday high of $66.78. Over the past 12 months, the shares have traded between $33.76 and $66.78.
The company's profit totaled $25.62 million, or $1.24 per share, compared to $20.09 million, or $0.88 per share, last year. The company's revenue for the period rose to $953.11 million from $812.89 ...