Synchronoss Technologies Q2 Profit Meets Estimate - Quick Facts

(RTTNews) - Synchronoss Technologies Inc. (SNCR) Tuesday reported second-quarter net income attributable to common stockholders of $3.4 million or $0.09 per share, compared to $11.9 million or $0.31 per share in the year-ago quarter.

Excluding items, adjusted earnings for the quarter were $12.3 million or $0.31 per share, compared with $11.2 million or $0.29 per share in the comparable quarter last year. On average, thirteen analysts polled by Thomson Reuters expected the company to earn $0.29 per share. Analysts' estimates typically exclude special items.

Revenues for the quarter rose to $83.85 million from $66.99 million a year ago, while thirteen analysts had a consensus revenue estimate of $83.06 million for the quarter.