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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."
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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.
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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.