Market Overview

SanDisk On Track to Deliver Record 2013 Results, Shares Surged

http://pennyomega.com/img/sndk.jpg SanDisk Corporation (Nasdaq: SNDK)

Shares of SNDK surged after the company reported its financial results for the third quarter fiscal 2013, posting achievements that according to SNDK, keep them on track to deliver record 2013 results.

For the third quarter fiscal 2013, SNDK posted revenue of $1.63 billion, a 28% increase year over year and 10% sequentially, and, on a GAAP basis, net income of $277 million, or $1.18 per diluted share, compared to net income of $77 million, or $0.31 per diluted share, in the same period the prior year and $262 million, or $1.06 per diluted share, in the previous quarter.

According to SNDK, the company delivered outstanding third quarter results driven by its strategy to shift to higher value solutions across their portfolio

SNDK last trade on Thursday's trading session was at $68.50 per share, representing an increase of $5.56 or 8.83%, with volume of 13,676,826 shares

http://pennyomega.com/img/sndk_chart.png

SNDK, a Fortune 500 and S&P 500 company, is a global leader in flash storage solutions. SNDK has expanded the possibilities of storage, providing trusted and innovative products that have transformed the electronics industry.

More about SanDisk Corporation (Nasdaq: SNDK) at www.sandisk.com.

 

http://pennyomega.com/img/crwe_logo.jpg Crown Equity Holdings Inc. (CRWE)

Online ad spending has rapidly become a main stay in many advertising budgets with online TV ad budgets being with one of the main dynamics driving product and service revenue across all industries.

BIA/Kelsey has projected that social media advertising spending will hit close to $10 billion by year 2016 well up from $4.8 billion spent in 2012.

CRWE‘s goal is to accelerate the success of the company, by refocusing on prior endeavors to deliver value for its stockholders in both the near and long term.

According to Break Media, video ad spending will reach $5.4 Billion by 2016. CRWE is targeting that multi-billion dollar market with its video sharing website CRWETube (www.crwetube.com)

http://pennyomega.com/img/crwe_chart_2.png

Together with its digital network of Websites, CRWE offers advertising branding and marketing services as a worldwide online multi-media publisher.

More about Crown Equity Holdings Inc. (CRWE) at www.crownequityholdings.com.

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Posted-In: Markets

 

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