Synchronoss Technologies Q4 2023 Adj EPS $(0.85) Misses $(0.10) Estimate, Sales $41.402M Miss $42.838M Estimate
Portfolio Pulse from Benzinga Newsdesk
Synchronoss Technologies (SNCR) reported Q4 2023 adjusted EPS of $(0.85), significantly missing the $(0.10) estimate, with sales of $41.402M also missing the $42.838M estimate. This represents a slight 0.36% increase in sales compared to the same period last year.
March 12, 2024 | 8:52 pm
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Synchronoss Technologies reported a significant miss in Q4 2023 earnings and sales, with adjusted EPS of $(0.85) and sales of $41.402M.
The significant miss in both earnings per share and sales compared to analyst estimates is likely to negatively impact investor sentiment and the stock price in the short term. The magnitude of the miss, especially in EPS (750% below estimate), indicates potential underlying issues that could concern investors.
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