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(QIHU, KDN, SD, CRWE) Stock Updates by PennyGovernance.com
(QIHU, KDN, SD, CRWE) Stock Updates by PennyGovernance.com
Qihoo 360 Technology Co. Ltd. (NYSE:QIHU), a leading Internet company in China as measured by active user base, reported its unaudited financial results for the fourth quarter and fiscal year ende
FOR IMMEDIATE RELEASE
(Free-Press-Release.com) February 25, 2012 --
Qihoo 360 Technology Co. Ltd. (NYSE:QIHU), a leading Internet company in China as measured by active user base, reported its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2011. Revenues were $62.3 million, representing an increase of 214.5% from $19.8 million in the fourth quarter of 2010 and an increase of 31.2% from $47.5 million the third quarter of 2011. The significant year-over-year and sequential increases in revenues were mainly due to continued robust growth in both online advertising and Internet value-added services. Online advertising revenues were $44.8 million, up 217.2% from the same period last year and 27.8% from the prior quarter. The robust growth was primarily driven by further market penetration of the Company's key products, such as the 360 browsers and the 360 Personalized Start-up Pages and increased user activity.
Qihoo 360 Technology Co. Ltd. provides Internet and mobile security products in the People's Republic of China.
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Kaydon Corporation (NYSE:KDN) announced that, on February 22, 2012, its Board of Directors declared a regular quarterly dividend of $.20 per common share. The dividend is payable on April 13, 2012 to stockholders of record as of the close of business on March 30, 2012.
Kaydon Corporation engages in the design, manufacture, and sale of custom engineered, and performance-critical products in the United States, Germany, and internationally.
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SandRidge Energy, Inc. (NYSE:SD) announced financial and operational results for the quarter and year ended December 31, 2011. Adjusted EBITDA of $175 million for fourth quarter 2011 compared to $130 million in fourth quarter 2010. Operating cash flow of $153 million for fourth quarter 2011 compared to $72 million in fourth quarter 2010. Net loss applicable to common stockholders of $389 million, or $0.97 per diluted share, for fourth quarter 2011 compared to net loss applicable to common stockholders of $208 million, or $0.53 per diluted share, in fourth quarter 2010. Adjusted net income of $9.1 million, or $0.02 per diluted share, for fourth quarter 2011 compared to adjusted net loss of $35.4 million, or $0.07 per diluted share, in fourth quarter 2010.
SandRidge Energy, Inc., together with its subsidiaries, operates as an independent natural gas and oil company in the United States.
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Crown Equity Holdings Inc. (CRWE)
Today, when practically everything is governed by the internet, there is always a need for the introduction of more advanced technology that can help people to perform tasks quicker and better. VOIP or Voice over Internet Protocol is the one of the most modern technological aids that facilitates the placement of phone calls over the internet. VOIP plays a major role in the main areas of web hosting, business launching and customer satisfaction. VOIP and Internet telephony are two of the leading technological services in the area of communication and form an important part of business operations and modern web development services.
Crown Equity Holdings Inc. (CRWE.OB) (www.crownequityholdings.com) announced that its subsidiary Crown Tele Services Inc. has entered into a letter of intent with BBN Solutions.
BBN Solutions, located in India, and Crown Tele Services Inc. (www.crownteleservices.com) shall form a 50/50 Joint Venture corporation for the purpose of granting to Crown Tele Services Inc., exclusive rights in the United States to BBN's telecommunications marketing process and services.
Commenting on the Letter of Intent, Kenneth Bosket, President of Crown Tele Services Inc., stated: "This Joint Venture will give both companies a strategic advantage within the communication market.
Crown Tele Services Inc. is a provider of affordable, world class (VoIP) communications solutions and is a subsidiary of Crown Equity Holdings Inc. For more information visit www.crownteleservices.com
Crown Equity Holdings Inc. offers advertising branding and marketing services as a worldwide online multi-media publisher with its digital network of websites and focuses on the distribution of information for the purpose of bringing together a targeted audience and the advertisers that want to reach them. Its advertising services cover and connect a range of marketing specialties, as well as provide search engine optimization for clients interested in online media awareness. For more information visit www.crownequityholdings.com.
BBN Solutions doing business as BBN Telecom provides both wholesale and retail global communication, as well as calling cards. For more information visit www.bbntel.net.
For more information, please visit their website: http://www.crownequityholdings.com
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Where: Hong Kong,Hong Kong (China)
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