03.08.2023 22:24:45 - dpa-AFX: Monster Beverage Corporation Q2 income increases in line with estimates
WASHINGTON (dpa-AFX) - Monster Beverage Corporation (MNST) reported earnings
for its second quarter that increased from the same period last year in line
with the Street estimates.
The company's earnings came in at $413.87 million, or $0.39 per share. This
compares with $273.36 million, or $0.26 per share, in last year's second
quarter.
Analysts on average had expected the company to earn $0.39 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter rose 11.4% to $1.85 billion from $1.66
billion last year.
Monster Beverage Corporation earnings at a glance (GAAP) :
-Earnings (Q2): $413.87 Mln. vs. $273.36 Mln. last year.
-EPS (Q2): $0.39 vs. $0.26 last year.
-Analyst Estimate: $0.39
-Revenue (Q2): $1.85 Bln vs. $1.66 Bln last year.
Copyright(c) 2023 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX