Synchronoss Technologies Q3 2023 Adj EPS $0.05 Up From $0.04 YoY, Sales $55.65M Miss $61.50M Estimate
Portfolio Pulse from vinayak@benzinga.com
Synchronoss Technologies reported Q3 2023 earnings of $0.05 per share, a 25% increase YoY. However, the company's quarterly sales of $55.65M missed the analyst consensus estimate of $61.50M by 9.52%, marking a 7.09% decrease YoY.
November 07, 2023 | 9:56 pm
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Synchronoss Technologies' Q3 2023 earnings increased YoY, but sales missed estimates and decreased YoY.
While Synchronoss Technologies reported a YoY increase in earnings, the company's sales missed analyst estimates and decreased YoY. This could negatively impact investor sentiment and potentially lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100