Plus   Neg

Monster Beverage Corporation Reports Increase In Q2 Profit

Monster Beverage Corporation (MNST) reported earnings for its second quarter that climbed from last year.

The company's profit came in at $311.37 million, or $0.59 per share. This compares with $292.47 million, or $0.53 per share, in last year's second quarter.

Analysts had expected the company to earn $0.49 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 0.9% to $1.09 billion from $1.10 billion last year.

Monster Beverage Corporation earnings at a glance:

-Earnings (Q2): $311.37 Mln. vs. $292.47 Mln. last year.
-EPS (Q2): $0.59 vs. $0.53 last year.
-Analysts Estimate: $0.49
-Revenue (Q2): $1.09 Bln vs. $1.10 Bln last year.

For comments and feedback contact: editorial@rttnews.com

Follow RTT