Investing.com – Monster Beverage (NASDAQ:) reported on Thursday fourth quarter that matched analysts’ forecasts and revenue that topped expectations.
Monster Beverage announced earnings per share of $0.47 on revenue of $1.02B. Analysts polled by Investing.com anticipated EPS of $0.47 on revenue of $1B. That with comparison to EPS of $0.43 on revenue of $924.23M in the same period a year before. Monster Beverage had reported EPS of $0.55 on revenue of $1.13B in the previous quarter. Analysts are expecting EPS of $0.5 and revenue of $1.03B in the upcoming quarter.
Monster Beverage shares are down 0% from the beginning of the year , still down 9.94% from its 52 week high of $70.52 set on February 19. They are outperforming the which is down 4.15% year to date.
Monster Beverage follows other major Consumer/Non-Cyclical sector earnings this month
Monster Beverage’s report follows an earnings matched by Coca-Cola on January 30, who reported EPS of $0.44 on revenue of $9.1B, compared to forecasts EPS of $0.44 on revenue of $8.88B.
PepsiCo had beat expectations on February 13 with fourth quarter EPS of $1.45 on revenue of $20.64B, compared to forecast for EPS of $1.44 on revenue of $20.25B.
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