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Longwei Petroleum Investment Holding Ltd. (LPH) reiterated FY13 expectations for revenue growth of about 26.6% to $646.3 million, and net income growth of about 24.2% to $77.6 million.
The company quoted the China Daily saying that China, by IEA estimates, is expected to use 9.64 million barrels of oil a day in the fourth quarter, representing the largest quarterly increase since the same period of 2010. The company also said its "Huajie facility came on-line in October and will be a major catalyst for growth in the quarters ahead."
China-based gaming company Giant Interactive Group Inc. (GA) posted better-than-expected results for the third quarter.
Earnings per American Depositary Share were 22 cents, on revenues of $86.4 million. Consensus $0.18/share on $84.47 million in revenues.
Business services company Innotrac Corp. (INOC) turned a profit for the third-quarter, on higher revenues.
Net income was $1.1million, or $0.08/share vs, year-ago loss of $0.49 million or $0.04/share.
Revenues increased 31.6% to $25.7 million from $19.5 million last year.
Home Inns & Hotels Management Inc. (HMIN) reiterated FY12 revenue expectations, above estimates.
The company continues to expect FY12 revenues of $909.3 million to US$924.5 million. Consensus $863.99 million.
Vipshop Holdings Ltd. (VIPS) said it expects Q4 revenues between $235 million and $240 million, representing year-over-year growth of about 123% to 128%.
This leads to the company's revenue expectations for FY12 to be between $627 million and $632 million, representing growth of about 176% to 178% from last year.
Internet services company Tucows Inc. (TCX) swung to a profit in the third quarter, on higher revenues.
Q3 Net income was $1.64 million, or $0.03 per share vs. year-ago net loss of $1.18 million, or $0.02 per share. Consensus $0.02.
Q3 revenue rose 17% to $29.3 million from $25.1 million last year.
Cisco Systems Inc. (CSCO) posted better-than-expected adjusted earnings and revenues for the first quarter.
Q1 Adjusted earnings totaled $2.6 billion or $0.48 per share vs. year-ago $2.3 billion or $0.43 per share. Consensus $0.46.
Q1 sales rose to $11.9 billion from $11.3 billion last year. Consensus $11.77 billion.
Evolving Systems, Inc. (EVOL) beat profit and revenue estimates for the third quarter.
Q3 net income from continuing operations was $1.2 million or $0.11/share vs. year-ago loss of $0.1 million or $0.01/share. Consensus $0.10.
Q3 revenue increased 60% to $6.83 million from $4.27 million last year. Consensus $6.43 million.
Teen retailer Abercrombie & Fitch Co. (ANF) raised full-year EPS expectations well above estimates. The company now expects to earn about $2.85-$3.00 a share for the full year. Previous guidance ( $2.50-2.75). Consensus $2.48 a share.
U.S. Office supply chain Staples (SPLS) continues to expect full-year adjusted earnings per share from continuing operations to increase in the low single-digits from last year's $1.37. Consensus $1.36.
It continues to project flat sales compared to last year's $25.02 billion. Consensus $24.77 billion.
by RTT Staff Writer
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