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 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.