Orlando, FL -- (SBWIRE) -- 10/23/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On QUALCOMM, Inc.(NASDAQ:QCOM), SanDisk Corporation (NASDAQ:SNDK).
QUALCOMM, Inc.(NASDAQ:QCOM) shares increased 0.22% to $68.92. The company on Oct. 16 announced that Steve Altman, vice chairman, has decided to retire from Qualcomm, effective January 3, 2014. Moving forward, he will continue to serve as a strategic consultant to the Company. Altman has served as a member of Qualcomm's Executive Committee for nearly 15 years, providing direction and guidance on key initiatives across all areas of the business, as well as on overall Company vision and strategy.
Additionally, the company announced that it will release its fourth quarter and fiscal 2013 earnings release on Wednesday, November 6, 2013 at approximately 1:00 p.m. Pacific Time (PT).
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SanDisk Corporation (NASDAQ:SNDK) shares dropped 0.56% to $69.32. The company on Oct. 16 has declared a fourth quarter 2013 cash dividend of 22.5 cents per share on the company's common stock. The dividend will be payable on November 25, 2013 to stockholders of record at the close of business on November 4, 2013. SanDisk's first quarterly dividend of 22.5 cents per share was paid on August 30, 2013. Future dividends will be subject to approval by SanDisk's Board of Directors.
Additionally, the company on Oct. 16 announced results for the third quarter ended September 29, 2013. Third quarter revenue of $1.63 billion increased 28 percent on a year-over-year basis and increased 10 percent sequentially. On a GAAP basis, third quarter net income was $277 million, or $1.18 per diluted share, compared to net income of $77 million, or $0.31 per diluted share, in the third quarter of fiscal 2012 and $262 million, or $1.06 per diluted share, in the second quarter of fiscal 2013.
Is SNDK going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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