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Hansen Natural profit up 36%, tops forecast
LONDON (MarketWatch) -- Beverage maker Hansen Natural (HANS : Hansen Natural Corporation
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Last: 41.58+0.70+1.71%
8:53am 08/08/2007
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HANS41.58, +0.70, +1.7%) said second-quarter net income rose 36% to $38.3 million, or 39 cents a share, with sales up 57% to $244.8 million. Analysts polled by Thomson Financial expected earnings of 37 cents a share on revenue of $218 million. Continued strong sales of Monster Energy brand energy drinks, as well as certain new products such as Java Monster brand non-carbonated dairy based coffee drinks and Monster M-80 energy drinks drove revenue growth, the company said.
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