Synchronoss Technologies Announces First Quarter 2020 Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/24/2026
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- Needham Starts NeoVolta (NEOV) at Buy
- NextEra to discuss paying about $76 per share for Dominion, Bloomberg News reports
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Campbell Soup (CPB) Declares $0.39 Quarterly Dividend; 7.7% Yield
- KKR launches Helix with over $10 billion to build AI infrastructure
Synchronoss Technologies (SNCR) Tops Q1 EPS by 48c, Revenues Beat
May 11, 2020 6:22 AM EDTSynchronoss Technologies (NASDAQ: SNCR) reported Q1 EPS of $0.06, $0.48 better than the analyst estimate of ($0.42). Revenue for the quarter came in at $77.1 million versus the consensus estimate of $74.41 million.
Financial quarter highlights:
Revenue for the quarter was $77.1 million.GAAP net loss for the quarter was $12.0 million.Synchronoss delivered $1.8 million of adjusted EBITDA for the quarter.Total costs and expenses were down 12.9 percent in the first quarter.Synchronoss ended the quarter with $30.9 million of cash on the balance sheet.Glenn Lurie, president and chief executive... More
