Mistras Group Inc. (MG) Monday posted third-quarter net income attributable to the company of $2.75 million or $0.09 per share, compared to $3.04 million or $0.11 per share in the comparable quarter last year.
Adjusted net income for the latest third quarter was $1.94 million or $0.07 per share, down from $3.76 million or $0.13 per share in the year-ago period. On average, six analysts polled by Thomson Reuters expected earnings of $0.17 per share for the quarter. Analysts' estimates typically exclude unusual gains and losses.
Total revenue for the quarter grew 28 percent to $133.26 million from $104.12 million last year, while three Wall Street analysts had a consensus revenue estimate of $131.62 million for the quarter.
Moving ahead, the company expects revenue to be in the high end of its previous guidance of $525 million to $535 million for the full year 2013. Analysts currently expect revenues of $533.24 million for the year.
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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.