UPDATE 2-Hansen Q1 beats Street, gains market share

viernes 8 de mayo de 2009 00:31 CEST
 

* EPS $0.44 vs. $0.37 estimate

* Net sales up 15.1 percent

* Monster Energy drinks continues to gain market share

* Shares up 9 percent after market

(Adds conference call details, updates share movement)

May 7 (Reuters) - Hansen Natural Corp HANS.O, which sells the Monster Energy drink, posted first-quarter profit that came in ahead of market expectations as sales of its energy drinks continued to outperform in the category and gain market share.

Shares of the company rose 9 percent to $41.39 in trading after the bell. They closed at $38.06 Thursday on Nasdaq.

Hansen, which has doubled its share in the U.S. energy-drink market since its launch there in 2002, has a distribution agreement with Coca-Cola Co (KO.N: Cotización) and its bottler under which the beverage giant released Monster in the six Western European countries and parts of the United States.

In a bid to further grow its global footprint, the company said it is had recently entered distribution agreements with Schweppes Australia Pty Ltd.   Continuación...