Synchronoss Technologies loses on decline in second-quarter results
Shares of Synchronoss Technologies, Inc. (Nasdaq:SNCR) took a dive out of the gate after the provider of on-demand transaction management software posted a 35% decline in second-quarter earnings after Tuesday’s close. Revenues also declined in the quarter as results were materially impacted by reduced revenue associated with the Apple iPhone.
Shares dived 16.6%, or $2.05, to $10.30 out of the gate. For detailed price information and recent news stories about Synchronoss Technologies, click SNCR.
About the Author
Reporter Jennifer Schonberger is based in SmallCapInvestor.com's Washington, D.C. bureau.
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