Synchronoss (SNCR) Reports Q3 Loss, Misses Revenue Estimates
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Synchronoss (SNCR) reported a Q3 loss of $0.26 per share, missing the Zacks Consensus Estimate of $0.25. This is a significant decline from the $0.45 earnings per share reported a year ago.
November 13, 2024 | 12:15 am
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Synchronoss reported a Q3 loss of $0.26 per share, missing the consensus estimate and showing a significant decline from last year's earnings.
The reported loss per share of $0.26 is worse than the expected $0.25, indicating underperformance. Additionally, the decline from last year's $0.45 earnings per share suggests deteriorating financial health, likely leading to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100