Synacor (SYNC) Reports In-Line Q2 EPS

Synacor (NASDAQ: SYNC) reported Q2 EPS of ($0.04), in-line with the analyst estimate of ($0.04). Revenue for the quarter came in at $24.7 million versus the consensus estimate of $25.07 million.

"We continue to make solid progress across all areas of our strategic plan," said Synacor CEO Himesh Bhise. "During the second quarter, advertising revenue jumped 57%, we renewed and expanded several relationships with clients, and we announced a strategic OTT video partnership with Siemens, all while sustaining profitability and generating cash. We are raising our full year adjusted EBITDA guidance while focusing the business for attractive growth markets."

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

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