Syntel Inc. (SYNT) reported first quarter EPS of $0.98 Thursday morning, up from $0.60 in the prior year period. The consensus estimate was for EPS of $0.75. The company now expects to report full year 2012 EPS of $3.40 to $3.65, up from prior expectations of $3.10 to $3.35. The consensus estimate is for EPS of $3.28.
Syntel gapped up sharply Thursday and climbed in early trade, before settling into a range. The stock ended the day higher by 7.37 at $61.21 on strong volume. Syntel broke out of a 2-month range and closed challenging resistance at the highs of the year, trading at a 9-month high.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.