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.
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