Synacor (SYNC) Tops Q2 EPS by 1c; Issues Mixed Outlook

Synacor (NASDAQ: SYNC) reported Q2 EPS of ($0.09), $0.01 better than the analyst estimate of ($0.10). Revenue for the quarter came in at $30.5 million versus the consensus estimate of $30.65 million.

“We delivered another strong quarter for Synacor with significant year-over-year revenue growth and adjusted EBITDA that exceeded our previously announced guidance,” said Synacor CEO Himesh Bhise. “We are pleased with our progress in preparing to support our AT&T business and are advancing in line with our plans for deployment over 2017.”

“We remain confident in the foundation that we have laid for future growth. Our continued trajectory toward $300 million in revenue in three years is reflected in the demonstrated progress we are making against our 2016 strategic objectives,” Bhise concluded.

GUIDANCE:

Synacor sees Q3 2016 revenue of $29-31 million, versus the consensus of $32.1 million.

Synacor sees FY2016 revenue of $130-135 million, versus the consensus of $132.6 million.

For earnings history and earnings-related data on Synacor (SYNC) click here.

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