SunTrust Downgrades Syntel, Inc. (SYNT) to Hold
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- S&P, Nasdaq drop on semiconductor selloff as AI spending concerns mount
- Chip stocks plunge, but bargain-hunters stem losses in other tech names
- Oil prices steady as investors focus on Hormuz flows after peace talks
- South Korea leveraged ETF crisis sparks global chip selloff
- Trump announces nuclear deal with Iran, lifts Hormuz blockade
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- 'Equal and opposite': BTIG's Krinsky sees sharp reversal ahead for chip stocks
Syntel Reports Third Quarter 2016 Financial Results
October 20, 2016 8:30 AM EDTHighlights:Â Â Â Â Â Â Â Â
Q3 revenue of $241M, down 5% from year-ago quarter, and 2% sequentiallyQ3 loss per share of $2.58 as compared to EPS of $0.92 in the year-ago quarter, and $0.70 in the prior quarter. Q3 2016 EPS was negatively impacted by $3.21 per share of one-time tax expense associated with a one-time repatriation of cash. Q3 cash & short term investments of $88.4M Global Headcount of 23,055 on September 30, 2016, versus 23,814 in the year ago quarterTROY, Mich., Oct. 20, 2016 (GLOBE NEWSWIRE) -- Syntel, Inc. (Nasdaq: SYNT), a global leader in digital modernization,... More
