Thursday, February 15, 2018 2:27:01 PM
Syntel Q4 Results Top Wall Street Estimates, Guides FY18 Above Street View; Shares Rally 12%
11:02 AM ET, 02/15/2018 - MT Newswires
11:02 AM EST, 02/15/2018 (MT Newswires) -- Syntel (SYNT) is trading more than 12% higher Thursday after reporting better-than-expected Q4 results.
Net income of $0.62 per share increased from $0.57 a year ago and was impacted by $0.11 due to one-time tax provisions. On an unadjusted basis, the company earned $0.51 per diluted share.
This compares to the Capital IQ estimate of $0.39 per share.
Total revenue of $239.8 million increased from $237.9 million the same quarter last year. That beat the estimated $213.7 million.
For FY18, Syntel expects earnings to be between $1.72 to $1.92 per share on revenue of $905 million to $950 million. This compares to Wall Street estimates of $1.81 in earnings on $892.1 million in revenue.
11:02 AM ET, 02/15/2018 - MT Newswires
11:02 AM EST, 02/15/2018 (MT Newswires) -- Syntel (SYNT) is trading more than 12% higher Thursday after reporting better-than-expected Q4 results.
Net income of $0.62 per share increased from $0.57 a year ago and was impacted by $0.11 due to one-time tax provisions. On an unadjusted basis, the company earned $0.51 per diluted share.
This compares to the Capital IQ estimate of $0.39 per share.
Total revenue of $239.8 million increased from $237.9 million the same quarter last year. That beat the estimated $213.7 million.
For FY18, Syntel expects earnings to be between $1.72 to $1.92 per share on revenue of $905 million to $950 million. This compares to Wall Street estimates of $1.81 in earnings on $892.1 million in revenue.
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