BRIDGEWATER, N.J. (AP) — BRIDGEWATER, N.J. (AP) — Synchronoss Technologies Inc. (SNCR) on Tuesday reported a loss of $13.7 million in its fourth quarter.
On a per-share basis, the Bridgewater, New Jersey-based company said it had a loss of 18 cents. Losses, adjusted for non-recurring costs and amortization costs, were 8 cents per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.
The mobile services company posted revenue of $61.6 million in the period, also missing Street forecasts. Three analysts surveyed by Zacks expected $65.4 million.
For the year, the company reported a loss of $7.7 million, or 20 cents per share. Revenue was reported as $252.6 million.
Synchronoss expects full-year revenue in the range of $242 million to $255 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SNCR at https://www.zacks.com/ap/SNCR
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