NQ Mobile Inc. (NQ)
NQ shares soared more than 50% in the extended session Wednesday after the company announced two binding agreements to sell FL Mobile and NationSky. NQ also reported quarterly profit above Wall Street analysts’ expectations.
NQ said that it entered into a legally binding framework agreement to sell its entire stake in FL Mobile Inc., the company’s majority owned Cayman Islands subsidiary, with Beijing Jinxing Ronda Investment Management Co. Ltd. NQ and other existing shareholders of FL Mobile Inc. have agreed to sell to Beijing Jinxing the entire stake in FL Mobile Inc. that they currently hold for no less than 4 billion yuan ($626 million)
Separately, NQ reported that it entered into legally binding share purchase agreements, which provide for the sale of all of the company’s interests in the NationSky business, including the entire interest in Beijing NationSky Network Technology Co., Ltd. to Mr. Hou Shuli, a founder and senior management member of Beijing NationSky, for an aggregate consideration of $80 million cash.
For the second quarter 2015, NQ posted net revenues of $102.1 million, a 25.0% increase year over year, and non-GAAP (excluding non-recurring items) net income of $7.0 million, or $0.08 per ADS, topping the Capital IQ Consensus Estimate of $0.05 earnings per share on revenue of $102 million for the period.
NQ is a leading global provider of consumer and enterprise mobile internet services.
More about NQ Mobile Inc. (NQ) at www.nq.com.
PVH Corp. (PVH)
Shares of PVH surged over 5% in after-hours trading as the company delivered quarterly results that exceeded its top and bottom line guidance.
For the second quarter 2015, PVH posted revenues of $1.86 billion and non-GAAP (excluding non-recurring items) earnings per share of $1.37, exceeding the Capital IQ Consensus Estimate of $1.29 earnings per share on revenue of $1.82 billion for the period.
PVH has raised its full year 2015 non-GAAP earnings per share (EPS) guidance to the range of $6.90 to $7.00 from the previous non-GAAP EPS guidance range of $6.85 to $6.95.
PVH, one of the world’s largest apparel companies, owns and markets the iconic Calvin Klein and Tommy Hilfiger brands worldwide.
More about PVH Corp. (PVH) at www.pvh.com
Crown Equity Holdings Inc. (CRWE)
The company is currently developing its CRWE WORLD ( www.crweworld.com ), a community targeted platform which goal is to be a one-stop shop for the various needs of online consumers in a range of marketing specialties like Real Estate, Coupons & Deals, Business Directory and more
CRWE WORLD’s business model is based on selling advertising to businesses targeting their marketing message locally, nationally, internationally and also to target potential clients for an specific location, such as within a certain zip code.
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. The geo-location based mobile marketing application Roxzu is expected to be integrated in all the CRWE WORLD Network.
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
Disclaimer: The disclaimer is to be read and fully understood before using our site, or joining our email list. CRWE PR Finance is not a registered investment adviser. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Investors should always conduct their own due diligence with any potential investment, with independent research and other professional advice. Read Full Disclaimer at CRWE PR Finance www.finance.crwe-pr.com/disclaimer