“Synchronoss (SNCR) [yesterday] posted Q2 revenue of $24.3 million and profits of 11 cents a share, about in line with the Street at $24.6 million and 9 cents,” Eric Savitz blogs for Barron’s.
“The company noted that revenue growth in the quarter ‘was materially impacted by reduced revenue associated with the Apple iPhone,'” Savitz reports. “U.S. buyers of the first-generation iPhone registered their phones for AT&T service through Synchronoss; but AT&T and Apple did not use their services for registration of 3G iPhones.”
Full article here.