Monster Beverage Corporation (MNST) announced earnings for its first quarter that increased from last year and beat the Street estimates.
The company's earnings came in at $442.99 million, or $0.45 per share. This compares with $442.05 million, or $0.42 per share, last year.
Excluding items, Monster Beverage Corporation reported adjusted earnings of $0.47 per share for the period.
Analysts on average had expected the company to earn $0.46 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 2.4% to $1.854 billion from $1.899 billion last year.
Monster Beverage Corporation earnings at a glance (GAAP) :
-Earnings: $442.99 Mln. vs. $442.05 Mln. last year.
-EPS: $0.45 vs. $0.42 last year.
-Revenue: $1.854 Bln vs. $1.899 Bln last year.
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