24/7 Wall St.
05-07-2008, 11:20 AM
24/7 Wall St. Daily News
Synchronoss Technologies Inc (NASDAQ: SNCR) looks now like it will be one of the worst seen earnings moves of popular companies in all of this earnings season. The outsourced device activation provider posted $0.16 non-GAAP EPS and revenues were $29.1 million. The company lowered next quarter guidance to $0.10 to $0.11 EPS on revenues of $24 to $25 million. First Call had estimates of $0.19 EPS and $35.2 million in revenues. After going back over everything, the company's weak forecast is being largely attributed to declining revenue from activating Apple Inc's (NASDAQ: AAPL) iPhone. The reason isn't iPhone sales, it...http://feeds.feedburner.com/~f/typepad/RyNm?i=rZvOeH</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=rZvOeH) http://feeds.feedburner.com/~f/typepad/RyNm?i=CenLiH</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=CenLiH) http://feeds.feedburner.com/~f/typepad/RyNm?i=zCaX6h</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=zCaX6h)
complete story here... (http://www.247wallst.com/2008/05/can-synchronoss.html)
Synchronoss Technologies Inc (NASDAQ: SNCR) looks now like it will be one of the worst seen earnings moves of popular companies in all of this earnings season. The outsourced device activation provider posted $0.16 non-GAAP EPS and revenues were $29.1 million. The company lowered next quarter guidance to $0.10 to $0.11 EPS on revenues of $24 to $25 million. First Call had estimates of $0.19 EPS and $35.2 million in revenues. After going back over everything, the company's weak forecast is being largely attributed to declining revenue from activating Apple Inc's (NASDAQ: AAPL) iPhone. The reason isn't iPhone sales, it...http://feeds.feedburner.com/~f/typepad/RyNm?i=rZvOeH</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=rZvOeH) http://feeds.feedburner.com/~f/typepad/RyNm?i=CenLiH</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=CenLiH) http://feeds.feedburner.com/~f/typepad/RyNm?i=zCaX6h</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=zCaX6h)
complete story here... (http://www.247wallst.com/2008/05/can-synchronoss.html)