Synchronoss Technologies (SNCR) reported first quarter adjusted EPS of $0.26 after the bell Monday, up from $0.20 in the prior year period. The consensus estimate was for EPS of $0.25. Going ahead, the company lowered its outlook for revenue growth from AT&T, its biggest customer.
Synchronoss Technologies gapped open dramatically lower Tuesday and slipped further around the middle of the afternoon. The stock closed down by 8.12 at $20.22 on the highest volume of the year. Synchronoss sank beneath support and set a new low for the year.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.