Syniverse Holdings Inc. (SVR) reported third-quarter net income attributable to the company of $17.74 million or $0.26 per share compared to $25.47 million or $0.37 per share last year.
Adjusted net income decreased to $25.919 million or $0.38 per share from $31.861 million or $0.47 per share a year ago.
Cash net income decreased to $28.220 million or $0.41 per share from $34.162 million or $0.50 per share a year ago.
On average, 10 analysts polled by Thomson Reuters expected the company to report profit of $0.41 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenues decreased to $116.662 million from $137.169 million last year. Analysts expected revenue of $122.11 million for the quarter.
The company expects fiscal 2009 net revenues to be in the range of $466 million-$472 million. Net income is expected to be in the range of $59.5 million-$64 million. Cash net income is expected to be in the range of $98.5 million-$103 million.
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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.