Synchronoss Technologies, Inc. (NASDAQ: SNCR) has just posted earnings of $0.22 EPS non-GAAP on revenues of $36.4 million. First Call had estimates of $0.20 EPS and $35.65 million in revenues. The company ended December with cash and cash equivalents of $95.9 million.
Stephen G. Waldis, President & CEO: “From a long-term perspective, we believe Synchronoss is well positioned to benefit from multiple growth opportunities, including e-commerce, wireless, VOIP and most importantly, the trend towards converged services…."
Unfortunately, Synchronoss did not offer actual guidance, so until that is given this is probably considered an incomplete report.
Shares closed at $23.25, up 3.30%, in regular trading today, and after the report shares were just trading at $24.00, up 2.35%, in after-hours trading activity.
Jon C. Ogg
February 4, 2008
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