Hansen Natural Surges Nearly 8% (HANS)

Shares of Hansen Natural Corporation HANS are trading up nearly 8% at $44.74 per share during the Friday morning trading session. The day's trading range for shares of Hansen Natural Corporation has been between $43.25 and $44.99 per share. Analysts covering the company's stock give it a consensus price target of $43.43 per share. Volume of 1.8 million shares is far above the daily average volume of 1.2 million shares. Hansen Natural Corporation (HANS) announced after the Thursday trading session that it beat consensus Wall Street estimates. The company announced 2nd quarter earnings per share of 69 cents, on revenue of $365.7 million. According to a survey of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 66 cents per share, on revenue of $324.98 million. Rodney C. Sacks, chairman and chief executive officer, said "During the second quarter we launched the Monster Energy(R) brand in Slovakia, Czech Republic and Norway. We are currently in the process of launching the brand in Germany, the United Arab Emirates, Lebanon and Jordan, with additional introductions anticipated for later in 2010. We have introduced and are also planning to introduce additional new products this year both domestically and internationally." Read more from Benzinga's Company news.