Investing.com - Monster Beverage (NASDAQ:MNST) reported on Thursday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Monster Beverage announced earnings per share of $0.6 on revenue of $1.43B. Analysts polled by Investing.com anticipated EPS of $0.6085 on revenue of $1.33B.
Monster Beverage shares are down 16% from the beginning of the year, still down 19.54% from its 52 week high of $99.86 set on August 10, 2021. They are under-performing the S&P 500 which is down 10.07% from the start of the year.
Monster Beverage shares gained 2.18% in after-hours trade following the report.
Monster Beverage follows other major Consumer Staples sector earnings this month
Monster Beverage's report follows an earnings beat by Walmart on February 17, who reported EPS of $1.53 on revenue of $152.87B, compared to forecasts EPS of $1.5 on revenue of $151.72B.
Coca-Cola had beat expectations on February 10 with fourth quarter EPS of $0.45 on revenue of $9.47B, compared to forecast for EPS of $0.4118 on revenue of $8.99B.
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