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Offshore drilling and production equipment maker Dril-Quip Inc. (DRQ) reported higher profit for the second quarter, driven by a 29% growth in revenues.
- Q2 net income was $29.8 million or $0.74 per share versus $22.2 million or $0.55 per share last year
- Q2 revenues up 29% to $176.6 million from $137.0 million last year, led by increased product revenues of $32.2 million and increased service revenues of $7.4 million.
Analysts expected earnings of $0.71 per share on revenues of $169.97 million.
Cognizant Technology Solutions Corp. (CTSH) reported a better-than-expected second-quarter profit and lifted its earnings guidance.
- Q2 net income rose to $251.9 mln or $0.82 per share from $208 million or $0.67 per share last year. Analysts expected EPS of $0.80. Consensus --- $0.80 per share
- Q2 revenues up 20.9% to $1.79 bln from $1.48 bln last year. Analysts expected $1.79 bln. Consensus --- $1.79 billion.
Q3 & FY12 Outlook
- Q3 2012 revenue anticipated to be at least $1.875 billion. Consensus --- $1.88 billion.
-Q3 GAAP EPS expected to be $0.86
- Q3 non-GAAP EPS expected to be $0.92 Consensus --- $0.86 per share
- FY12 revenue expected to be at least $7.34 billion, up at least 20% compared to 2011. Consensus --- $7.34 billion.
- FY12 GAAP EPS expected to be at least $3.38, and non-GAAP EPS to be $3.64. Consensus --- $3.37 per share.
Health care services provider HCA Holdings Inc. (HCA) reported higher-than-expected second-quarter profit, boosted by increased patient volume and the consolidation of its HealthONE venture, and reaffirmed fiscal 2012 guidance.
- Q2 net income was $391 million or $0.85 per share, up from $229 million or $0.43 per share last year.
- Q2 adj. EPS rose to $0.85 from $0.51 last year. Consensus --- $0.78 per share.
- Q2 revenue rose to $8.112 billion from $7.249 billion last year. Consensus --- $8.83 billion.
For fiscal 2012, the company continues to project
- Adjusted earnings in the range of $3.57 - $3.77 per share. Consensus --- $3.69 per share.
- Revenues in the range of $32 billion - $33 billion. Consensus --- $35.56 billion.
Cinemark Holdings Inc. (CNK) posted better-than-expected second-quarter results.
- Q2 net income was $51.64 million or $0.45 per share versus $40.41 million or $0.35 per share last year. Consensus --- $0.37 per share.
- Q2 revenues grew to $649.61 million from $620.59 million last year. Consensus --- $630.75 million.
Resolute Energy Corp. (REN) reported better-than-expected reults for the second quarter.
- Q2 net income was $22.82 million, lower than $25.67 million last year.
- Q2 EPS was $0.37 per share, flat with last year. Analysts expected earnings of $0.03 per share.
- Q2 revenue increased to $64.48 million from $59.91 million generated a year ago. Consensus --- $57.91 million.
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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.