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Online trading marketplace MercadoLibre Inc. (MELI), partly owned by eBay Inc. (EBAY) posted higher-than-expected quarterly profit, on strong sales.
- Q2 net income of $25.38 million or $0.57 per share, up from year-ago $14.82 million or $0.34 per share. Consensus estimate $0.49.
- Revenues rose 28% to $88.84 million from $69.38 million last year. Consensus revenue estimate $88.02 million.
Colony Financial, Inc. (CLNY) posted better-than expected quarterly earnings.
- Q2 Core Earnings, a non-GAAP financial measure, rose to $13.8 million, or $0.42 per from $8.1 million, or $0.25 per share. Consensus 0.38 per share.
- Q2 Net income attributable to common stockholders increased to $12.02 million, or $0.36 per share, from $8.04 million, or $0.25 per share.
- Total income for the quarter was $25.6 million, up from $13.3 million last year. Consensus $19.94 million.
Oil and Gas company EOG Resources Inc. (EOG) posted better-than-expected second-quarter profit, as production exceeded 50%.
- Q2 profit of $395.8 million, or $1.47 per share, vs. year-ago $295.6 million, or $1.10 per share. Excluding items, EPS was $1.16 per share vs. consensus of 91 cents per share.
- Revenues rose to $2.91 billion from $2.57 billion last year. Consensus 2.52 billion.
- Raises full-year Production Growth Target to 9% Percent from 7%.
- Raises full-year Crude Oil Production Growth Target to 37% from 33%.
- Raises Full Year Total Company Total Liquids Growth Target to 35% from 33%.
- Full year Capital Expenditure Budget unchanged
Infrastructure construction companyMasTec, Inc. (MTZ) posted better-than-expected second quarter results, issued upbeat guidance for the third quarter and raised full-year targets above estimates.
- Expects Q3 earnings of $0.52, on projected revenues between $950 million and $1.0 billion. Consensus - EPS of $0.49 on revenues of $904.35 million.
- Raises full-year EPS target to about $1.50 from prior forecast of about $1.42. Consensus $1.42.
- Raises full-year revenue outlook to a range of $3.55 billion to $3.60 billion from the previous guidance of about $3.35 billion. Consensus $3.4 billion.
Pre-paid debit card company NetSpend Holdings Inc. (NTSP) posted better-than-expected quarterly profit, and raised its forecast for the full year.
- Raises FY12 revenue guidance To $347 - $353 million From prior projections of $338 - $347 million. Consensus $344.8 million.
Raises FY12 EPS guidance to between $0.54 and $0.58 from earlier $0.51 to $0.55. Consensus 0.54.
Semiconductor solutions company MaxLinear, Inc. (MXL) currently sees third-quarter revenues of $27.0 million to $28.0 million, representing 10-15% sequential growth, and more than 50% year-over year revenue growth. Consensus $25.82 million.
Griffon Corp. (GFF), which makes manufactures home and building, technology related, and plastic products, posted higher third-quarter profit.
- Net profit was $9.05 million or $0.16 per share, vs. year-ago $4.87 million or $0.08 per share.
- Adjusted income rose to $7.42 million or $0.13 per share from year-ago $3.17 million or $0.05 per share.
Revenues for the quarter grew to $480.25 million from $455.28 million last year.
Arabian American Development Co. (ARSD), which specializes in high purity petrochemical solvents , posted higher profit and revenues for the second quarter, as the company increased its petrochemical capacity
- Q2 Net income attributable to the company was up 2274% at $3.8 million, or $0.15 per share, vs. year-ago $0.16 million, or $0.01 per share.
- Revenue increased 44.7% to a record $61.8 million from $42.7 million last year.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.