Monster Beverage Earnings Miss, Revenue Beats In Q1
2022.05.06 00:01
Monster Beverage Earnings Miss, Revenue Beats In Q1
Investing.com – Monster Beverage (NASDAQ:MNST) reported on Thursday first quarter earnings that missed analysts’ forecasts and revenue that topped expectations.
Monster Beverage announced earnings per share of $0.55 on revenue of $1.52B. Analysts polled by Investing.com anticipated EPS of $0.6092 on revenue of $1.43B.
Monster Beverage shares are up 21% from the beginning of the year, still down 16.84% from its 52 week high of $99.86 set on August 10, 2021. They are outperforming the Nasdaq 100 which is down 21.26% from the start of the year.
Monster Beverage follows other major Consumer Staples sector earnings this month
Monster Beverage’s report follows an earnings beat by Procter&Gamble on April 20, who reported EPS of $1.33 on revenue of $19.38B, compared to forecasts EPS of $1.29 on revenue of $18.71B.
Coca-Cola had beat expectations on April 25 with first quarter EPS of $0.64 on revenue of $10.49B, compared to forecast for EPS of $0.5794 on revenue of $9.83B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
