Crown Equity Holdings Inc.(OTCBB:CRWE) reported recently that its sales this year have already surpassed $1,000,000. This compares to $232,510 for the three quarters ending September 30, 2009 and $ 659,907 total sales for the year 2009.
“Based on our sales to date, we had more than 4 times the sales for the same period last year and are 34% ahead of last year’s total sales,” commented Kenneth Bosket, President and CEO of Crown Equity Holdings Inc. “Our growth in sales along with our investments in infrastructure and people give the company a basis for supporting future growth of the magnitude we have seen so far this year,” stated Bosket.
Crown Equity Holdings Inc. has expanded its internet footprint internationally to include the following countries: Argentina, Australia, Brazil, Canada, China, France, Germany, Hong Kong, India, Ireland, Italy, Japan, Korea, Mexico, New Zealand, Singapore, Spain, Taiwan and the UK.
Arlington Asset Investment Corp. (NYSE:AI) reported net income of $8.8 million for the quarter ended June 30, 2010, or $1.10 per share (diluted), compared to a net loss of $32.2 million, or $4.18 per share (diluted) for the quarter ended June 30, 2009. For the six months ended June 30, 2010, the Company reported net income of $13.4 million, or $1.70 per share (diluted), compared to net income of $69.4 million, or $9.04 per share (diluted) for the six months ended June 30, 2009. The six months ended June 30, 2009 results included a pre-tax gain of $132.5 million from the extinguishment of trust preferred securities. As of June 30, 2010, the Company’s book value per share was $23.21.
Arlington Asset Investment Corp. is a principal investment firm that invests primarily in mortgage-related assets. The Company is headquartered in the Washington, D.C. metropolitan area.
Armstrong World Industries, Inc. (NYSE:AWI) recently reported second quarter 2010 net sales of $724.8 million, up 3 percent, from $705.7 million in the same period for 2009. Excluding a $6 million, or 1 percent, impact of foreign exchange rates, sales increased 2 percent. Reported operating income was $52.9 million compared to $47.1 million in the second quarter of 2009. Adjusted operating income of $59.4 million increased compared to $48.7 million on the same basis.
The Company uses adjusted income from operations in managing the business and believes the adjustments provide meaningful comparisons of operating performance between periods. Adjusted income excludes the translation impact of foreign exchange, restructuring charges and related costs, and certain other gains and losses. As detailed in the attached reconciliation to GAAP, these adjustments increased operating income by $6.5 million in the second quarter of 2010 and $1.6 million in the second quarter of 2009.
Reported net income was $26.8 million, or $0.46 per diluted share. This compared to net income of $28.3 million, or $0.50 per diluted share, in the second quarter of 2009. Adjusted net income was $32.4 million, or $0.56 per diluted share, compared to $25.9 million, or $0.46 per diluted share, on the same basis in 2009.
Arrowfest is an annual event hosted by Arrow Electronics, Inc. (NYSE:ARW) for Arrow customers, suppliers, and employees. The event provides the opportunity to learn about the latest innovations in technology and build valuable relationships in a festive environment.
Arrowfest is held in six strategic locations across the United States and Canada. Each location has its own theme and includes technical supplier seminars relevant to the local marketplace, hands-on training, supplier and Arrow booths, and supplier product demonstrations�complemented by festivities, music, giveaways, and food.
The first Arrowfest was held 22 years ago at Arrow�s Minnesota branch. Each Arrowfest location typically has 50 to 75 supplier booths featuring the industry�s leading technologies. Depending on location, attendance ranges from 500 to 1,500 engineers, suppliers, original equipment manufacturers, contract manufacturers, representatives, and supply chain and purchasing professionals. The majority of Arrowfest attendees are engineers.
Arrow Americas Components is a leading provider of semiconductor, passive, electro mechanical and connector (PEMCO), and embedded computing products and services. Arrow Americas Components supports its extensive product offering with supply chain solutions, world-leading engineering and design services, technical expertise, demand creation and fulfillment, and skilled sales teams to effectively meet customer needs.
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