Updated from 11:35 a.m. EDT
Shares of Hansen Natural(HANS Quote) were among the Nasdaq's winners Tuesday, climbing 15% after the beverage maker posted blowout first-quarter results and announced a distribution deal with Anheuser-Busch(BUD Quote). Hansen earned $21.9 million, or 84 cents a share, on net revenue of $119.7 million. The results included stock-based compensation costs of $1.9 million, or 5 cents a share. Analysts polled by Thomson First Call expected earnings of 71 cents a share and revenue of $106.3 million. During the year-earlier quarter, the company earned $8.8 million, or 37 cents a share, on revenue of $60 million. Separately, Hansen said that certain Anheuser-Busch wholesalers will become distributors of its drinks. "Hansen will transition distribution of Monster and Lost Energy drinks and Rumba energy juice as well as the additional energy brand to select Anheuser-Busch wholesalers in markets to be designated by Hansen," Hansen said in a statement. Financial terms of the agreement weren't disclosed. Hansen shares were trading up $23.26 to $174.91. Warnaco Group(WRNC Quote) slumped 11% after the apparel company reported first-quarter earnings that fell below expectations. The company earned $16.1 million, or 34 cents a share, down from $29.4 million, or 63 cents a share, a year earlier. Analysts expected earnings of 58 cents a share. Revenue rose to $466.3 million from $439.5 million, narrowly topping Wall Street's estimate of $465.3 million. Warnaco said results were hurt by weaker-than-expected earnings and sales in its swimwear segment. Looking ahead, Warnaco said that 2006 sales growth would be at least in the low 20% range. Analysts project sales of $1.82 billion, or sales growth of about 21%. Shares were down $2.44 to $20.35. Shares of RTI International Metals(RTI Quote) jumped 16% after the titanium producer announced a 10-year supply agreement with Airbus. The deal calls for RTI to supply Airbus with titanium products that will be used in the production of Airbus' commercial aircraft, including the new A-380 and A-350. The contract is expected to result in revenue of more than $800 million, RTI said. Shares were trading up $9.29 to $70.89.- Loading Comments...
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