Investing.com - Monster Beverage (NASDAQ:MNST) reported on Thursday third quarter earnings that matched analysts' forecasts and revenue that fell short of expectations.
Monster Beverage announced earnings per share of $0.60 on revenue of $1.62B. Analysts polled by Investing.com anticipated EPS of $0.60 on revenue of $1.66B.
Monster Beverage shares are down 12% from the beginning of the year and are trading at $96.00 , down-from-52-week-high.
Monster Beverage shares gained 5.39% in after-hours trade after the report.
Monster Beverage follows other major Consumer Staples sector earnings this month
Monster Beverage's report follows an earnings beat by Procter&Gamble on Wednesday, October 19, 2022, who reported EPS of $1.57 on revenue of $20.6B, compared to forecasts EPS of $1.56 on revenue of $20.37B.
Coca-Cola had beat expectations on Tuesday, October 25, 2022 with third quarter EPS of $0.69 on revenue of $11.1B, compared to forecast for EPS of $0.6388 on revenue of $10.53B.
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