Investing.com - Monarch reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Monarch announced earnings per share of $1.41 on revenue of $133.70. Analysts polled by Investing.com anticipated EPS of $1.22 on revenue of $121.96M.
Monarch shares are down 36.64% from the beginning of the year, still down 34.70% from its 52 week high of $94.26 set on April 20.
Monarch shares gained 1.54% in after-hours trade following the report.
Monarch follows other major Consumer Discretionary sector earnings this month
Monarch's report follows an earnings beat by Tesla on Wednesday, who reported EPS of $1.05 on revenue of $21.45B, compared to forecasts EPS of $1.03 on revenue of $22.5B.
Nike had beat expectations on September 29 with first quarter EPS of $0.93 on revenue of $12.69B, compared to forecast for EPS of $0.922 on revenue of $12.28B.
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