Improved Outlook on Solid Results: Skechers USA (SKX), Logitech Intl SA (LOGI), VASCO Data Security Intl (VDSI) |
Posted: July 24, 2014 |
Skechers USA Inc. (SKX) Keep a close eye on SKX. The company achieved the highest quarterly revenues in its 22-year history, with growth across all its distribution channels. For the second quarter 2014, SKX posted record net sales of $587.1 million, a 37.1% increase year over year, net earnings of $34.8 million compared to $7.1 million in the same period the prior year, and diluted net earnings per share of $0.68 versus $0.14 in the second quarter 2014. According to the company, the record first half of 2014 along with continued increased backlogs at the end of June, incoming order rate and revenues in July leads SKX to believe that its record quarterly sales trend will continue for the balance of the year. SKX designs, develops and markets a diverse range of lifestyle footwear for men, women and children, as well as performance footwear for men and women. More about Skechers USA Inc. (SKX) at www.skechers.com ** Crown Equity Holdings Inc. (CRWE) The company is currently developing its CRWE Network (CRWE-PR.com), a social networking service which business model is based on selling advertising to businesses targeting both locally and nationally. CRWE Network’s goal is to facilitate exchanges of goods and services in a manner similar to Craigslist, a classified advertisements website with sections devoted to jobs, housing, personals, for sale, items wanted, services, community, gigs, résumés, and discussion forums, while providing micro community news, information and business directory content. The CRWE Network has reached the 1010th community website in the U.S., associated with 2581 ZIP Codes, and includes coverage of the greater state of California, Northern and Southern Nevada, Wellington in Florida, Hattiesburg in Mississippi and 10 provinces in Canada. The CRWE-PR Finance website ( www.finance.crwe-pr.com ) allows Crown Equity Holdings the instant distribution of information to the entire CRWE Network. CRWE Press Release ( www.crwepressrelease.com ) offers increased visibility with cost effective solutions through the distribution of information to the entire CRWE Network for both public and private companies. Roxzu ( www.roxzu.com ), in development stage, is an on-line e-commerce coupon distribution channel and marketplace for merchants to create brand awareness for their business. Roxzu is focusing first on restaurants and dining but has plans to expand the application to include auto repairs, Realtor, bars, movie theaters, retailers, golf courses, auto dealerships and any other variety of businesses existing within a community. The geo-location based mobile marketing application Roxzu is expected to be integrated in all the CRWE network. CRWE has executed a Letter of Intent to acquire American Video Teleconferencing Corp., (AVOT). The proposed acquisition will be a stock transaction in which CRWE will acquire ninety five percent (95%) of American Video Teleconferencing Corp.’s outstanding shares. Upon the execution of a definitive agreement and subsequent closing of the transaction, it is envisioned that American Video Teleconferencing Corp. will become a subsidiary of CRWE. CRWE may then merge its subsidiary Roxzu, into American Video Teleconferencing Corp. The CRWE Network, based on the momentum the industry has taken in positioning itself for additional grow in the future, is in the process of building an online medical marijuana informational and directory search platform. The purpose of the site Medical Marijuana CRWE-PR ( www.medicalmarijuana.crwe-pr.com ) is to connect people with information in reference to the industry and patients to a network of physicians, dispensaries and more in reference to States with approved Medical Marijuana usage. With its Division iB2B Global ( www.ib2bglobal.com ), CRWE is targeting the multi-billion dollar online b2b market. CRWE‘s iB2BGlobal.com is an international leader in wholesale business transactions between buyers and sellers worldwide. It was created to bring business communities from similar and different continents together online, enabling a cost effective access point for bulk products to be bought, sold and shipped in a timely manner. Buyers and sellers can register for free at iB2BGlobal.com and get integrated immediately into the global business network with various advertising and marketing strategies at their disposal. CRWE provides marketing solutions that boost customer awareness and merchant visibility on the Internet. More about Crown Equity Holdings Inc. (CRWE) at www.crownequityholdings.com ** Logitech International SA (LOGI) Following a strong performance on its financial results, LOGI has raised its profitability outlook. On its unaudited and unreviewed financial results for the first quarter of Fiscal Year 2015, LOGI posted sales of $484 million, a 1% increase year over year, GAAP operating income of $25 million, with GAAP earnings per share (EPS) of $0.13, compared to $0.01 in the same period the prior year, and non-GAAP operating income of $44 million, with non-GAAP EPS of $0.23, compared to $0.07 a year ago For the full Fiscal Year 2015, LOGI confirmed its outlook of $2.16 billion in sales and raised its outlook for non-GAAP operating income from $145 million to approximately $170 million LOGI is a world leader in products that connect people to the digital experiences they care about. Spanning multiple computing, communication and entertainment platforms, LOGI’s combined hardware and software enable or enhance digital navigation, music and video entertainment, gaming, social networking, audio and video communication over the Internet, video security and home-entertainment control. More about Logitech International SA (LOGI) at www.logitech.com. ** VASCO Data Security International Inc. (VDSI) VDSI is increasing its guidance for revenue and operating margins for the full-year 2014. For the second quarter 2014, VDSI posted revenue from continuing operations of $47.7 million, a 28% increase year over year, operating income from continuing operations of $7.6 million, a 300% increase compared to the same period the prior year, and net income, which includes the impact of its discontinued operations, of $6.9 million, or $0.17 per diluted share, an increase of $5.1 million, or 283%, from $1.8 million, or $0.05 per diluted share, for the second quarter of 2013. According to its guidance for full-year 2014, VDSI expects revenue from its traditional business, which excludes the company's new service product offerings (DIGIPASS as a Service and MYDIGIPASS.COM), to be in the range of $175 million to $180 million, an increase from the range communicated previously of $168 million to $172 million. VDSI is a leading supplier of strong authentication and e-signature solutions and services specializing in Internet Security applications and transactions. More about VASCO Data Security International Inc. (VDSI) at www.vasco.com ** Read Full Disclaimer at www.finance.crwe-pr.com/disclaimer
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