Syntel (SYNT -2.9%) trades lower after releasing its preliminary Q3 and FY11 sales numbers....

|By:, SA News Editor

Syntel (SYNT -2.9%) trades lower after releasing its preliminary Q3 and FY11 sales numbers. Despite beating current estimates, it says FY11 EPS will come in below expectations due to a one-time, non-recurring charge to earnings to resolve arbitration claims with a former client.