InterOil Corp. (IOC) reported first quarter EPS of $0.08 after the bell Monday, down from $0.19 last year. The consensus estimate was for a loss of $0.12.
InterOil surged to the upside in the first half hour of trade Tuesday, before settling into a range. The stock closed higher by 7.46 at $85.39 on strong volume. InterOil broke out to nearly an 8-month high.
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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.