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Synchronoss Technologies: Q3 Earnings Insights

Benzinga Insights
·1 min read

Shares of Synchronoss Technologies (NASDAQ:SNCR) rose 7.72% in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share increased 106.45% year over year to $0.04, which beat the estimate of ($0.25).

Revenue of $68,636,000 decreased by 12.24% year over year, which missed the estimate of $70,320,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Synchronoss Technologies hasn't issued any revenue guidance for the time being.

How To Listen To The Conference Call

Date: Nov 09, 2020

View more earnings on SNCR

Time: 04:30 PM

ET Webcast URL: https://globalmeet.webcasts.com/starthere.jsp?ei=1393609&tp_key=ab0814c984

Recent Stock Performance

52-week high: $6.51

52-week low: $2.17

Price action over last quarter: down 12.01%

Company Overview

Synchronoss Technologies Inc is a provider of cloud- and software-based activation solutions for mobile carriers, enterprises, retailers, and original equipment manufacturers. These solutions are delivered through the Activation Services, Synchronoss Personal Cloud, Enterprise, and Integrated Life platforms, which are scalable and available on-demand. The firm's solutions include activation and processing, cloud-based sync, backup, storage, and content engagement capabilities. The company derives revenue from subscriptions and transaction-based fees. A majority of the firm's revenue is generated in the United States, and the rest is from countries across the world.

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