FUQI International Inc. (FUQI) reported that its third-quarter net income increased to $18.77 million or $0.73 per share from $6.52 million or $0.31 per share prior year.
On average, 7 analysts polled by Thomson Reuters expected the company to report profit of $0.44 per share for the quarter. Analysts' estimates typically exclude special items.
Net sales increased to $127.19 million from $93.68 million prior year. Analysts expected revenue of $130.32 million for the quarter.
For the fourth quarter, the company anticipates total revenue to be in the range of approximately $182.0 million-$191.0 million. Net income is expected to be in the range of $15.2 million-$16.6 million, or $0.55-$0.60 per share.
For the full year 2009, the company now expects full-year revenue of approximately $519.4 million-$528.4 million. The company also anticipates net income in the range of approximately $53.5 million-$54.9 million, or earnings per share of $2.21-$2.27.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.