Monster Beverage Earnings in line, Revenue Misses In Q3 By Investing.com

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Monster Beverage Earnings in line, Revenue Misses In Q3

Stock Markets Nov 03, 2022 05:45PM ET

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Monster Beverage Earnings in line, Revenue Misses In Q3

MNST

-1.39%

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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, still down 8.74% from its 52 week high of $99.81 set on July 29.

Monster Beverage shares gained 5.39% in after-hours trade following 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 October 19, 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 October 25 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.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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