Syntel Inc. (SYNT) reported fourth quarter net income of $1.05 per share Thursday morning, compared to $0.71 per share in the previous year. The consensus estimate was for EPS of $0.83. Full year 2012 EPS is expected to be between $3.10 and $3.35, compared to the consensus estimate of $3.31.
Syntel gapped open higher Thursday and climbed during the first half hour of trade. The stock extended its gains in the final 2 hours of the afternoon and closed up by 9.81 at $55.25, with volume at a 4 1/2 month high. Syntel surged to over a 6-month high and re-crossed both its 50 and 200-day moving averages.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.