UPDATE 2-Synchronoss Q4 profit falls; revenue beats view

viernes 6 de febrero de 2009 00:31 CET

* Q4 adj EPS $0.12

* Q4 rev $31.2 mln vs. est $30.5 mln

* Sees Q1 adj EPS $0.10-$0.12

* Shares up 13 percent (Adds conference call details, updates share movement)

Feb 5 (Reuters) - Communication software maker Synchronoss Technologies Inc (SNCR.O: Cotización) posted a 60 percent drop in quarterly profit due to a previously disclosed fall in revenue related to the Apple Inc's (AAPL.O: Cotización) iPhone. The company, which sees the macroeconomic environment remaining challenging for the year, expects first-quarter earnings of 10 cents to 12 cents a share, excluding items, on revenue of $28.0 million to $29.5 million.

Synchronoss also forecast full year 2009 profit of 50 cents to 56 cents a share, excluding items, on revenue of between $120 million and $126 million.

For the fourth quarter, net income fell to $2.7 million, or 9 cents a share, from $6.6 million, or 20 cents a share, a year earlier.

Revenue for the fourth quarter was $31.2 million, higher than analysts' consensus view of $30.5 million.

Shares of the company were up at $9.50 in trading after the bell. They closed at $8.41 Thursday on Nasdaq.

For the related alerts, double-click here [ID:nWNAB9106] [ID:nWNAB9263] . (Reporting by Deepti Govind in Bangalore; Editing by Deepak Kannan)