Monster Beverage Earnings Miss, Revenue Beats In Q2
2022.08.05 00:39
Monster Beverage Earnings Miss, Revenue Beats In Q2
Investing.com – Monster Beverage (NASDAQ:MNST) reported on Thursday second quarter earnings that missed analysts’ forecasts and revenue that topped expectations.
Monster Beverage announced earnings per share of $0.51 on revenue of $1.66B. Analysts polled by Investing.com anticipated EPS of $0.6987 on revenue of $1.61B.
Monster Beverage shares are down 11.74% from the beginning of the year, still down 3.50% from its 52 week high of $99.86 set on August 10, 2021. They are outperforming the S&P 500 which is down 12.89% from the start of the year.
Monster Beverage shares lost 5.56% in after-hours trade following the report.
Monster Beverage follows other major Consumer Staples sector earnings this month
Monster Beverage’s report follows an earnings missed by Procter&Gamble on July 29, who reported EPS of $1.21 on revenue of $19.52B, compared to forecasts EPS of $1.22 on revenue of $19.4B.
Nestle ADR had matched expectations on July 28 with second quarter EPS of $2.18 on revenue of $24.41B, compared to forecast for EPS of $2.18 on revenue of $23.59B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
