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Monster Beverage Corp. Q1 Profit Rises

Monster Beverage Corp. (MNST) released earnings for its first quarter that rose from the same period last year.

The company's profit totaled $261.49 million, or $0.48 per share. This compares with $216.05 million, or $0.38 per share, in last year's first quarter.

Analysts had expected the company to earn $0.42 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 11.2% to $945.99 million from $850.92 million last year.

Monster Beverage Corp. earnings at a glance:

-Earnings (Q1): $261.49 Mln. vs. $216.05 Mln. last year.
-EPS (Q1): $0.48 vs. $0.38 last year.
-Analysts Estimate: $0.42
-Revenue (Q1): $945.99 Mln vs. $850.92 Mln last year.

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