Synchronoss Technologies Q2 Adj EPS $(0.03), Inline, Sales $59.71M Miss $59.74M Estimate
Portfolio Pulse from sunil@benzinga.com
Synchronoss Technologies reported Q2 losses of $(0.03) per share, meeting analyst consensus. This is a 130% decrease from last year's earnings. The company's quarterly sales of $59.71M missed the analyst consensus of $59.74M by 0.05%, marking an 8.47% decrease from last year.
August 08, 2023 | 9:21 pm
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NEGATIVE IMPACT
Synchronoss Technologies' Q2 earnings met analyst expectations but sales missed estimates. This could potentially impact the company's stock negatively.
Synchronoss Technologies reported a decrease in earnings and sales compared to the same period last year. While the earnings were in line with analyst expectations, the sales missed estimates. This could potentially lead to a negative sentiment among investors, impacting the stock price negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100