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Thursday, November 7, 2019

Monster Beverage Earnings, Revenue Beat in Q3

© Reuters.  Monster Beverage Earnings, Revenue Beat in Q3© Reuters. Monster Beverage Earnings, Revenue Beat in Q3

Investing.com - Monster Beverage (NASDAQ:MNST) reported third quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.

The firm reported earnings per share of $0.55 on revenue of $1.13B. Analysts polled by Investing.com forecast EPS of $0.54 on revenue of $1.11B. That compared to EPS of $0.51 on revenue of $1.02B in the same period a year earlier. The company had reported EPS of $0.53 on revenue of $1.1B in the previous quarter.

Monster Beverage shares gained 0.93% to trade at $57.30 in after-hours trade following the report.

Monster Beverage follows other major Consumer/Non-Cyclical sector earnings this month

On October 22, Procter&Gamble reported first quarter EPS of $1.37 on revenue of $17.8B, compared to forecasts of EPS of $1.24 on revenue of $17.45B.

Coca-Cola earnings matched analysts' expectations on October 18, with third quarter EPS of $0.56 on revenue of $9.5B. Investing.com analysts expected EPS of $0.56 on revenue of $9.43B

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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