Monster Beverage Earnings, Revenue Beat in Q3

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

Monster Beverage announced earnings per share of $0.65 on revenue of $1.25B. Analysts polled by Investing.com anticipated EPS of $0.63 on revenue of $1.23B.

Monster Beverage shares are up 31% from the beginning of the year, still down 4.01% from its 52 week high of $87.05 set on September 2. They are outperforming the S&P 500 which is up 8.66% from the start of the year.

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

Monster Beverage’s report follows an earnings beat by Procter&Gamble on October 20, who reported EPS of $1.63 on revenue of $19.32B, compared to forecasts EPS of $1.42 on revenue of $18.38B.

Coca-Cola had beat expectations on October 22 with third quarter EPS of $0.55 on revenue of $8.7B, compared to forecast for EPS of $0.46 on revenue of $8.36B.

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

Read more at : https://www.investing.com/news/stock-market-news/monster-beverage-earnings-revenue-beat-in-q3-2341846

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