Investing.com - Monster Beverage (NASDAQ:MNST) reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Monster Beverage announced earnings per share of $0.63 on revenue of $1.41B. Analysts polled by Investing.com anticipated EPS of $0.6674 on revenue of $1.4B.
Monster Beverage shares are up 48% from the beginning of the year, still down 12.08% from its 52 week high of $99.86 set on August 10. They are outperforming the S&P 500 which is up 24.62% from the start of the year.
Monster Beverage shares gained 1.03% in after-hours trade following the report.
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 19, who reported EPS of $1.61 on revenue of $20.34B, compared to forecasts EPS of $1.59 on revenue of $19.83B.
Coca-Cola had beat expectations on October 27 with third quarter EPS of $0.65 on revenue of $10.04B, compared to forecast for EPS of $0.5785 on revenue of $9.77B.
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