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Why Synchronoss Technologies Stock Is Up Today

TheMotleyFool

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Why Synchronoss Technologies Stock Is Up TodayPhoto, wide shot, wide-angle lens, Consumer electronics manufacturer, Midday, harsh overhead sunlight, directional sunlightt, photo by Peter Lik: https://img.midjourneyapi.xyz/temp/0defe5ca-333a-451e-9549-4f262e278fc7.png

Synchronoss Technologies stock is climbing in Tuesday's trading following better-than-expected third-quarter results. The cloud and messaging services company's share price was up roughly 7% as of 12 p.m. EST.

Synchronoss published its Q3 results after the market closed on Nov. 8, posting sales and earnings for the period that came in ahead of the market's targets. The company recorded non-GAAP (adjusted) earnings per share of $0.09 on revenue of $69.75 million, while the average analyst estimate had guided for a per-share loss of $0.10 on sales of $68.57 million.

Image source: Getty Images.

Source Fool.com

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