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Monster Beverage announced earnings per share of $0.59 on revenue of $1.09B. Analysts polled by Investing.com anticipated EPS of $0.48 on revenue of $1B.
Monster Beverage shares are up 22% from the beginning of the year, still down 0.83% from its 52 week high of $78.69 set on August 3. They are broadly in line with the Nasdaq which is up 21.94% from the start of the year.
Monster Beverage shares gained 4.43% in after-hours trade following the report.
Monster Beverage’s report follows an earnings beat by Procter&Gamble on Thursday, who reported EPS of $1.16 on revenue of $17.7B, compared to forecasts EPS of $1.01 on revenue of $16.95B.
Coca-Cola had beat expectations on July 21 with second quarter EPS of $0.42 on revenue of $7.2B, compared to forecast for EPS of $0.4 on revenue of $7.21B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
