Spotlight: Sync Shares Fall 27% on Loss Forecast

Sync Research Inc. shares fell 27% after the company said it expects a wider-than-expected loss for the third quarter and revenue below analysts’ expectations. Shares of the Irvine-based network software company fell $1.31 to close at $3.63 on Nasdaq. Sync said it expects a third-quarter loss of between $3.7 million and $4.5 million, or 21 cents to 26 cents a share, on revenue of $5.7 million to $6.3 million. Analysts had expected the company to post a loss of 11 cents per share.