Trex Company (TREX) Shares Skyrocketed, Q3 2013 Sales Exceeded

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Posted On: 10/26/2013 8:26:16 PM

Posted By: trader4506

Crown Equity Holdings Inc. (CRWE)

CRWE stock increased its activity during the week, closing at $0.01 with a volume of 348,499 shares on Friday's trading session.

The company recently reported that it is looking to deliver value for its stockholders in both the near and long term.

For that reason, 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; strategic plans are also being developed for CRWE ’s online video-sharing project to improve the potential future growth for the company.

CRWE is targeting these multi-billion dollar markets with its iB2B Global project and 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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Trex Co. Inc. (NYSE:TREX)

Shares of TREX jumped on Friday +24.60% (or +13.25) to $67.12, with a volume of 992,281 shares.

According to TREX , consumers continue to be enthusiastic with its recent product launches and this enthusiasm resulted in exceeding TREX 's sales guidance in prior year for the third quarter on an underlying basis.

TREX recognized net sales of $$72.2 million in the third quarter of 2013, a 2% increase compared to 2012, primarily due to a shift in sales mix towards its high-performance decking and railing products, including the company's recently launched Reveal aluminum and Select railing products.

For the nine months ended September 30, 2013, TREX posted net sales of $278.7 million, a 6.7% increase year over year, and net income of $19.5 million, or $1.13 per diluted share, compared to net income of $6.3 million or $0.37 per diluted share for the same period the prior year

TREX 's Board of Directors has authorized a new Common Share Repurchase Plan of up to $30 million of the Company’s outstanding common stock over approximately a four- month period.

For the fourth quarter of 2013, TREX expects net sales of approximately $50 million, an increase of approximately 9% over the prior-year period.