Synchronoss Swings to Q4 Profit; Sets Guidance; Shares Rise After-Hours

MT Newswires Live
12 Mar

Synchronoss Technologies (SNCR) reported Q4 non-GAAP earnings late Tuesday of $0.94 per diluted share, compared with a $1.06 loss a year earlier.

Two analysts polled by FactSet expected $0.10.

Net revenue for the quarter ended Dec. 31 was $44.2 million, up from $41.4 million a year earlier.

Three analysts surveyed by FactSet expected $43.8 million.

The company expects fiscal 2025 sales of between $170 million and $180 million. Analysts expected $181 million.

Shares of the firm were up over 11% in after-hours activity.

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