Synchronoss Technologies Reports Second Quarter Financial Results
Synchronoss Technologies (SNCR) announced its financial results for the second quarter, revealing earnings of $0.10 per share, significantly below the Zacks consensus estimate of $0.25. This marks a decline from $0.48 per share a year earlier, with figures adjusted for non-recurring items.
Quarterly Earnings and Revenue Overview
The quarterly results reflect an earnings surprise of -60%. In the previous quarter, expectations were for a profit of $0.29 per share, but the company posted a loss of $0.30, resulting in a negative surprise of approximately -203.45%. Over the past four quarters, Synchronoss has exceeded analyst estimates only once.
The company, part of the Internet - Software industry, reported revenues of $42.49 million for the June 2025 quarter, missing the consensus estimate by 0.24%. Revenue compared unfavorably to $43.46 million a year earlier. Despite this, Synchronoss has beaten revenue expectations twice in the last four quarters.
Stock Performance and Future Outlook
The stock's near-term movement will largely depend on management’s commentary during the ...