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Hansen Natural (HANS) shares jumped after the company posted $0.60, vs. $0.51 a year ago, second quarter EPS on 6.4% net sales rise. It says record revenue of $300.2 million attributed to sustained strong sales of Monster Energy drinks, which continue to grow in excess of the category and achieve further gains in market share. Stifel Nicolaus upgraded the stock to buy from hold.
Another big winner Friday was Crocs (CROX), which posted $0.06 second quarter non-GAAP loss, vs. $0.06 EPS a year ago, on 11% revenue decline. Results were better than expected. The plastic shoe maker expects to generate between $150-$160 million in revenue during third quarter, with $0.06-$0.14 loss per share.
Chiquita Brands International (CQB) posted $1.95, vs. $1.28, second quarter EPS from continuing operations. as lower expenses offset 4% sales drop. Based on the strong performance of its profit-improvement strategies and cost reduction initiatives, as well as better-than-anticipated first half results in both salads and bananas, it sees significantly improved full-year results in 2009, on a comparable basis, vs. 2008. Separately, the board appoints Michael Sims as CFO, replacing Jeffrey Zalla, who is leaving the company to pursue a new business venture.
Beazer Homes USA (BZH) reported $0.72 second quarter loss, vs. $2.85 loss, on 48% revenue decline. Street was looking for loss of $1.53. S&P kept hold opinion and raised target price.
NVIDIA (NVDA) posted $0.07, vs. $0.13, second quarter non-GAAP EPS on 13% revenue decline. Street was looking for $0.02 loss. Revenue rose 17% sequentially. Sees third quarter revenue of 5%-7% sequentially. S&P raises estimate and target price; keeps hold.
Apollo Investment (AINV) posts $0.35 second quarter net investment income per share. Street was looking for EPS of $0.34. It says second quarter net assets resulting from operations rose to $84.5 million. S&P raises estimate and target price; keeps hold. RBC upgrades to outperform from sector perform. Declares $0.28 quarterly dividend, up from previous dividend of $0.26 paid last quarter.
McCormack is senior producer for BusinessWeek.com's Investing channel.
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