Synchronoss: Q1 Earnings Snapshot

In this article:

BRIDGEWATER, N.J. (AP) — BRIDGEWATER, N.J. (AP) — Synchronoss Technologies Inc. (SNCR) on Tuesday reported a loss of $10.9 million in its first quarter.

The Bridgewater, New Jersey-based company said it had a loss of 15 cents per share. Losses, adjusted for amortization costs and non-recurring costs, were 8 cents per share.

The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 2 cents per share.

The mobile services company posted revenue of $57.7 million in the period, which also did not meet Street forecasts. Three analysts surveyed by Zacks expected $58 million.

Synchronoss expects full-year revenue in the range of $242 million to $255 million.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SNCR at https://www.zacks.com/ap/SNCR

Advertisement