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Hot Stocks: Monster Beverage Corp (NASDAQ:MNST), Limited Brands, Inc. (NYSE:LTD) Are Hot Earnings

 
 
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Lakeway, NY -- (SBWIRE) -- 02/28/2013 -- ThePennyStockProfiler.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-

Monster Beverage Corp (NASDAQ:MNST) reports its fourth quarter and fiscal year results on Wednesday.

Gross sales increased 16.6% to $545.0 million and net sales jumped 15% to $471.5 million in the fourth quarter. Gross profit, as a percentage of net sales was 51.7% and operating expenses jumped 17% to $130 million. Distribution costs as a percentage of net sales were 4.7% and selling expenses as a percentage of net sales were 12.5%. General and administrative expenses for the 2012 fourth quarter were $48.8 million, or 10.3 percent of net sales. Stock-based compensation (a non-cash item) was $6.8 million in the fourth quarter of 2012. Operating income increased 10.1% to $113.9 million. Net income increased 5.3% to $68.0 million and on per share basis it jumped 10.6% to $0.39 per share.

Get Latest News, Updates on MNST Here

During the 2012 fourth quarter, the Company purchased approximately 6.7 million shares of its common stock at an average purchase price of $50.86 per share.

For the 2012 fiscal year, gross sales increased 21.7% to $2.373 billion and net sales increased 21% to $2.061 billion. Gross profit as a percentage of net sales was 51.75 and operating expenses for the 2012 year increased to $515.0 million with Operating income jumping by 20.6% to $550.6 million.

Net income for the twelve months of 2012 rose 18.8% to $340.0 million, or $1.86 per diluted share, compared with $286.2 million, or $1.53 per diluted share, for 2011.

Shares of the company are up 7%.

Limited Brands, Inc. (NYSE:LTD) resealed its current quarter and fiscal year forecast below analyst expectation.

Is LTD a Strong Buying Opportunity After The Recent Slump? Find out Here

The retailer forecast earnings of 40 cents to 45 cents a share for the first quarter and $2.92 to $3.12 a share for the year. Analysts, on average, had forecast 51 cents for the quarter and $3.24 for the year.

For the last quarter the company earned net income of $411.4 million, or $1.39 a share compared with $359.4 million or $1.17 a share, a year earlier.

Excluding charges for asset impairments, earnings were $1.76 a share just ahead of Thomson Reuters I/B/E/S analyst forecast of $1.74 a share.

Shares of LTD are up about 4%.

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