Updating Hansen/HANS
It was only 1 week ago today that, in this post and with the shares at $50.52 (the prior day's closing price), I again recommended for purchase the shares of Hansen Natural/HANS. Today, the company reported its Q3 earnings -- and they are a blow-out. From Briefing.com...
Hansen Natural/HANS beats by $0.23, beats on revs (56.70 )
The company reports Q3 (Sep) earnings of $0.83 per share, $0.23 better than the Reuters Estimates consensus of $0.60; net sales rose 100.2% year/year to $105.4 mln vs the $87.6 mln consensus. CEO cites higher sales of its Lost energy drinks along with Hansen's apple juice and juice blends, sales of Joker energy drinks, and Rumba energy juice, Hansen's children's juice drinks in aseptic packaging. Sales increase was partially off-set by lower sales primarily of smoothies in cans, natural sodas and Hansen's energy and functional drinks".
In pre-opening activity, the shares last traded at $66, +~$10 from yesterday's close! One reader had asked (with the stock then at $59.50) at what price I would buy more shares; my reply was a pullback to $55-53. Yesterday's low was $54.12 before reversing. Great trading, for anyone who took either recommendation!
Hansen Natural/HANS beats by $0.23, beats on revs (56.70 )
The company reports Q3 (Sep) earnings of $0.83 per share, $0.23 better than the Reuters Estimates consensus of $0.60; net sales rose 100.2% year/year to $105.4 mln vs the $87.6 mln consensus. CEO cites higher sales of its Lost energy drinks along with Hansen's apple juice and juice blends, sales of Joker energy drinks, and Rumba energy juice, Hansen's children's juice drinks in aseptic packaging. Sales increase was partially off-set by lower sales primarily of smoothies in cans, natural sodas and Hansen's energy and functional drinks".
In pre-opening activity, the shares last traded at $66, +~$10 from yesterday's close! One reader had asked (with the stock then at $59.50) at what price I would buy more shares; my reply was a pullback to $55-53. Yesterday's low was $54.12 before reversing. Great trading, for anyone who took either recommendation!
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