Brief: Synchronoss Technologies Reports First Quarter 2020 Results

Synchronoss Technologies

11/05/2020 14:13

May 11 (Reuters) - Synchronoss Technologies Inc  SNCR.O :
    * SYNCHRONOSS TECHNOLOGIES ANNOUNCES FIRST QUARTER 2020
RESULTS
    * Q1 REVENUE $77.1 MILLION VERSUS REFINITIV IBES ESTIMATE OF
$74.4
MILLION
    * WITHDRAWING REVENUE GUIDANCE FOR BALANCE OF YEAR
    * REAFFIRMS ADJUSTED EBITDA GUIDANCE FOR THE YEAR
    * QTRLY LOSS PER SHARE $0.29
    * QTRLY TOOK ADDITIONAL ACTION TO REDUCE OPERATING EXPENSES
    * QTRLY ADDITIONAL ACTIONS ARE EXPECTED TO REDUCE ANNUAL
EXPENSES
BY OVER $40 MILLION
    * SYNCHRONOSS TECHNOLOGIES - ADDITIONAL ACTIONS EXPECTED TO
DELIVER IN-YEAR 2020 SAVINGS OF ABOUT $30 MILLION

Source text for Eikon:  ID:nGNXt02Vs 
Further company coverage:  SNCR.O 

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