Investing.com - Monster Beverage (NASDAQ:MNST) reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Monster Beverage announced earnings per share of $0.52 on revenue of $1.06B. Analysts polled by Investing.com anticipated EPS of $0.48 on revenue of $1B. That with comparison to EPS of $0.5 on revenue of $945.99M in the same period a year before. Monster Beverage had reported EPS of $0.49 on revenue of $1.02B in the previous quarter. Analysts are expecting EPS of $0.57 and revenue of $1.15B in the upcoming quarter.
Monster Beverage shares are down 2% from the beginning of the year , still down 11.95% from its 52 week high of $70.52 set on February 19. They are under-performing the Nasdaq 100 which is up 3.4% year to date.
Monster Beverage shares gained 0.34% 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 April 17, who reported EPS of $1.17 on revenue of $17.21B, compared to forecasts EPS of $1.13 on revenue of $17.31B.
Coca-Cola had beat expectations on April 21 with first quarter EPS of $0.51 on revenue of $8.6B, compared to forecast for EPS of $0.44 on revenue of $8.3B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar