Fiscal 2014 is Off to a Strong Start for Fabrinet (NYSE:FN)

After closing bell, Fabrinet (NYSE:FN) reported another strong quarter of revenue, margin and EPS growth on its financial results.


For the first quarter of fiscal 2014, FN posted total revenue of $171.6 million, an increase of 8.2% year over year, GAAP net income of $19.2 million, or $0.55 per diluted share, compared to $16.0 million, or $0.46 per diluted share in the same period the prior year, and Non-GAAP net income of $14.2 million, or $0.40 per diluted share, an increase of 10.9% compared to $12.8 million, or $0.36 per diluted share, in the first quarter of fiscal 2013.


According to its business outlook, FN expects second quarter revenue to be in the range of $170 million to $174 million. GAAP net income per share is expected to be in the range of $1.54 to $1.56 with expected non-GAAP net income per share of $0.40 to $0.42, based on approximately 35 million fully diluted shares outstanding.


FN stock closed at $17.13, with a volume of 221,307 shares on Monday's trading session    


FN is a leading provider of advanced optical packaging and precision optical, electro-mechanical, and electronic manufacturing services to original equipment manufacturers of complex products, such as optical communication components, modules and subsystems, industrial lasers and sensors.


More about Fabrinet (NYSE:FN) at www.fabrinet.com.


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Business to business (B2B) ecommerce is nothing new, but in recent years it has become a hot topic in the business software world.


B2B ecommerce has morphed into a powerful tool for the companies who have chosen to adopt it; a trend that will continue into 2014.


Looking to deliver value for its stockholders in both the near and long term, Crown Equity Holdings Inc. (CRWE) is refocusing its strategic plan for future growth and services with its original online business-to-business (B2B) marketplace platform for manufacturers and small to large businesses on a global basis to sell and acquire various types of merchandise, targeting the multi-billion dollar B2B Industry with its iB2B Global project.


Strategic plans are also being developed for CRWE’s online video-sharing project to improve the potential future growth for the company.


Online video advertising is taking in more money, but isn't growing as a percentage of total online advertising.


Online advertising revenues are going up because more people are watching online video, and the people who provide that video are increasingly packaging it with "forced view" commercials.


In the forced view model, commercials are placed before the video runs (preroll), in the middle (midroll), or at the end (postroll).


CRWE is targeting this multi-billion dollar market with its Division CRWETube (www.crwetube.com)


Together with its digital network of websites, CRWE offers advertising branding and marketing services as a worldwide online multi-media publisher. CRWE focuses on the distribution of information for the purpose of bringing together a targeted audience and the advertisers that want to reach them.


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


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