Brief: Synchronoss Technologies Reports Q2 Loss Per Share $0.24

Synchronoss Technologies

10/08/2020 12:34

Aug 10 (Reuters) - Synchronoss Technologies Inc  SNCR.O :
    * SYNCHRONOSS TECHNOLOGIES ANNOUNCES SECOND QUARTER 2020
RESULTS:
REVENUE $76.5 MILLION, ADJUSTED EBITDA $11.5 MILLION, ADJUSTED
FREE CASH FLOW $13 MILLION; RENEWAL OF VERIZON CONTRACT ALSO
ANNOUNCED
    * Q2 GAAP LOSS PER SHARE $0.24
    * Q2 REVENUE $76.5 MILLION VERSUS REFINITIV IBES ESTIMATE OF
$75
MILLION
    * Q2 NON-GAAP EARNINGS PER SHARE $0.16 FROM CONTINUING
OPERATIONS
    * Q2 EARNINGS PER SHARE ESTIMATE $-0.22 -- REFINITIV IBES
DATA
    * VERIZON CONTRACT RENEWAL REDUCES NON-CASH DEFERRED REVENUE
BY
APPROXIMATELY $10 MILLION IN LATTER HALF OF 2020

Source text for Eikon:  ID:nGNX3yNwbg 
Further company coverage:  SNCR.O 

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