Synacor (SYNC -26%) opened near breakeven following yesterday's Q4 report, but has since plunged...


Synacor (SYNC -26%) opened near breakeven following yesterday's Q4 report, but has since plunged to new post-IPO lows. Though results were in-line, the company guided for Q1 revenue of $28.5M-$29.5M and 2013 revenue of $122M-$126M, below a consensus of $33M and $147.1M. On its earnings call, Synacor blamed its guidance on a Microsoft co-marketing program for OEMs that requires MSN (rather than Synacor-created start pages) to be the default start page on Windows 8 machines. Shares fell 9.9% yesterday going into the report. (PR)

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