Synchronoss Stock Falls as Q3 Earnings & Revenues Miss Estimates
Synchronoss Technologies(SNCR) ZACKS·2024-11-14 03:16
Synchronoss Technologies (SNCR) reported a non-GAAP loss of 26 cents per share in the third quarter of 2024. This lagged the Zacks Consensus Estimate for earnings of 25 cents. SNCR had reported earnings of 35 cents in the year-ago quarter.Net revenues of $43 million increased 8% year over year and missed the Zacks Consensus Estimate by 0.79%.Following the results, SNCR shares fell 4.65% in the pre-market trading. However, Synchronoss’ stock has gained 78.3% against the Zacks Computer and Technology sector’s ...