Synchronoss Technologies Q3 Profit Down - Quick Facts

(RTTNews) - Synchronoss Technologies, Inc. (SNCR) Monday reported third-quarter profit of $3.59 million or $0.09 per share, down from $6.20 million or $0.16 per share in the same period last year.

Adjusted earnings for the quarter was $13.46 million or $0.34 per share. On average, 13 analysts polled by Thomson Reuters expected the company to earn $0.34 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased 30 percent to $89.7 million from $68.96 million last year. Adjusted revenues for the quarter was $90.27 million. Analysts expected revenues of $90.08 million.

Costs and expenses increased to $80.96 million from $57.80 million last year.