Recap: Synchronoss Technologies Q1 Earnings

Synchronoss Technologies SNCR reported its Q1 earnings results on Tuesday, May 9, 2023 at 04:05 PM.

Here's what investors need to know about the announcement.

Synchronoss Technologies missed estimated earnings by 300.0%, reporting an EPS of $-0.08 versus an estimate of $-0.02.

Revenue was down $8.16 million from the same period last year.

Last quarter the company missed on EPS by $0.14 which was followed by a 18.63% drop in the share price the next day.

Here's a look at Synchronoss Technologies's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	0.06	0.03	0.03	0.02
EPS Actual	-0.08	0.04	0.10	0.02
Revenue Estimate	65.23M	62.98M	66.30M	65.58M
Revenue Actual	61.63M	59.90M	65.24M	65.87M

To track all earnings releases for Synchronoss Technologies visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Momentum11.33

Growth7.37

Quality-

Value24.98

Short

Medium

Long

Earnings Calendar