Eagle Broadband, provider of broadband and communication services, reported 3Q net loss of $3.95 million, an improvement from a loss of $4.38 million a year ago mainly on depreciation and amortization expenses.

Energy Transfer Partners, posted a record 3Q profit jump to $189.5 million from $21.3 million last year including special items.

Horizon Health, contract manager of clinical services, posted 3Q net income increase of $3.5 million, or 24 per share vs. $2.7 million, or 24 cents a share a year ago. The company projected 2005 earnings between $1 and $1.02 a share.

Open Text, software maker, warned that 4Q results will be weaker than previously announced 30 to 40 cents per share though exact range is not given.

Smart & Final, food and supplies warehouse operator, posted 2Q net income of 25 cents per share compared with 26 cents a year earlier. Same-store sales rose 4.1%.

TTI Telecom International, networking software provider, posted a preliminary narrowed 2Q loss of 21 cents vs. a loss of 55 cents a year ago on positive restructuring effect.

Universal Forest Products, a maker of lumber and building materials, posted 2Q earnings increase of $1.20 a share compared with $1.06 last year on higher sales volume and better results for framing operation. The company raised its 2005 earnings outlook by 15 to 20%.

L’Oreal SA said that strong 2Q results and favorable currency fluctuations ‘lead it’ to expect a considerable improvement in 2005 results. 2Q sales grew 5.45% to $3.62 billion euros. Comparable-store sales rose 5.1%.

Alcatel, French telecom equipment maker, posted 2Q net income of 16 cents per share including a tax benefit and one-time capital gain exceeding analysts’ expectations of 14 cents a share.

Infosys Technologies, Indian software and consulting company, reported rise in 1Q profit of 45 cents per share, up from 31 cents a year ago beating estimates of 43 cents a share. The company lifted its 2Q guidance to the range of 46 to 47 cents a share.

ECONOMIC NEWS

There are no major economic news scheduled to be released Tuesday.

Economy in Singapore advanced at a faster-than-anticipated speed in the 2Q on strong growth in the services sector and improved manufacturing data. On seasonally adjusted and annualized basis GDP rose 12.3% rebounding from a first-quarter slump and allaying fears of recession.

Lehman Brothers continues to add investment bankers to its staff in Japan led by the ambition to be one of the top 5 merger-and-acquisition advisors in Japan over the next three years. It is trying to assert its presence in sectors such as health care, financial technology and natural resources.