Synchronoss Technologies 4th-qtr accumulation rises
BRIDGEWATER, N.J. – Synchronoss Technologies Inc.'s fourth-quarter accumulation rose 67 percent, before analyst forecasts.
The company, which provides transaction administration software for advice companies, said Thursday that it becoming $4.5 million, or 14 cents per share, in the fourth quarter. That compares with $2.7 million, or 9 cents per share, a year earlier.
Excluding ancient items, Synchronoss becoming 20 cents per share, 2 cents per allotment added than analysts polled by Thomson Reuters expected.
Its acquirement rose 14 percent to $35.6 million, assault analyst expectations for $34.4 million.
For the abounding year, Synchronoss becoming $12.3 million, or 39 cents per share, compared with $11.9 million, or 37 cents per share, in 2008. Annual acquirement rose 16 percent to $128.8 actor in 2009.
Synchronoss shares fell 15 cents in after-hours trading, afterwards closing Friday up 20 cents at $16.69.
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