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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