Eye-Catching Stocks: Syntel, Inc.(NASDAQ:SYNT), Alliance Data Systems Corporation (NYSE:ADS)
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Shares of Syntel, Inc.(NASDAQ:SYNT) gained 10.26% to $18.59 on Thursday, after a global provider of digital transformation, information technology (IT) and knowledge process outsourcing (KPO) services, stated second-quarter profit of $36.7 million.
On a per-share basis, the Troy, Michigan-based company said it had profit of 44 cents. The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 40 cents per share.
The information technology outsourcing company posted revenue of $226.8 million in the period, which also topped Street forecasts. Six analysts surveyed by Zacks predictable $220.5 million. Syntel anticipates full-year earnings to be $1.62 to $1.77 per share, with revenue in the range of $865 million to $900 million.
Alliance Data Systems Corp. (ADS) stock settled at $18.59 per share, after floating in a range of $17.55 to $19.95. The stock moved on high volume, traded at a volume of 2.51 million shares, as compared to its average daily volume of 242,620 shares. The market capitalization billion for the company is reported at $1.58 Billion.
Alliance Data Systems Corporation (NYSE:ADS) opened at $243.88. It reached an intraday trading high of $252.45 and closed at $238.62.
The stock price declined -24.91 points or 9.45% at the market, since a provider of data-driven marketing and loyalty solutions serving consumer-based businesses in a range of industries, stated second-quarter net income of $137.7 million.
On a per-share basis, the Plano, Texas-based company said it had net income of $2.47. Earnings, adjusted for one-time gains and costs, came to $3.84 per share. The results topped Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $3.72 per share.
The manager of loyalty and rewards programs for retailers and others posted revenue of $1.82 billion in the period, which missed Street forecasts. Eleven analysts surveyed by Zacks predictable $1.84 billion. Alliance Data anticipates full-year earnings to be $18.10 per share, with revenue predictable to be $7.8 billion.
The total volume traded for the day is 2.09 million, as compared to its average daily volume of 584,521 shares. The current EPS for the company has been recorded at $7.56 and the beta value recorded by the company stands at 1.77 points.