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Why Syntel Shares Jumped Today

TheMotleyFool

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Syntel (NASDAQ: SYNT) stock has jumped today, up by 14% as of 2:00 p.m. EDT, after the company reported second-quarter earnings that beat analyst expectations.

Revenue in the second quarter fell 8% to $226.8 million, while earnings per share fell 37% to $0.44. Despite those declines, the results beat consensus estimates, which called for $220.5 million in sales and earnings per share of $0.40.

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Source: Fool.com