Investing.com - Monster Beverage (NASDAQ:MNST) reported first quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $0.48 on revenue of $946M. Analysts polled by Investing.com forecast EPS of $0.43 on revenue of $916.77M. That compared to EPS of $0.37 on revenue of $850.92M in the same period a year earlier. The company had reported EPS of $0.43 on revenue of $924.23M in the previous quarter.
For the year, Monster Beverage shares are up 17.82%, broadly in line with the S&P 500 which is up 17.79% year to date.
Monster Beverage follows other major Consumer/Non-Cyclical sector earnings this month
On Tuesday, April 23, 2019, Procter&Gamble reported third quarter EPS of $1.06 on revenue of $16.46B, compared to forecasts of EPS of $1.03 on revenue of $16.36B.
Coca-Cola earnings beat analyst's expectations on Tuesday, April 23, 2019, with first quarter EPS of $0.48 on revenue of $8.02B. Investing.com analysts expected EPS of $0.46 on revenue of $7.88B
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