© Reuters. Monster Beverage Earnings, Revenue miss in Q2Investing.com – Monster Beverage (NASDAQ:) reported second quarter that missed analysts’ expectations on Wednesday and revenue that fell short of forecasts.
The firm reported earnings per share of $0.53 on revenue of $1.10B. Analysts polled by Investing.com expected EPS of $0.56 on revenue of $1.13B. That compared to EPS of $0.51 on revenue of $1.02B in the same period a year earlier. The company had reported EPS of $0.5 on revenue of $945.99M in the previous quarter.
Monster Beverage shares lost 7.27% to trade at $56.00 in after-hours trade following the report.
For the year, Monster Beverage shares are up 22.69%, outperforming the Nasdaq which is up 20.84% year to date.
Monster Beverage follows other major Consumer/Non-Cyclical sector earnings this month
On July 30, Procter&Gamble reported fourth quarter EPS of $1.1 on revenue of $17.09B, compared to forecasts of EPS of $1.05 on revenue of $16.86B.
Coca-Cola earnings beat analyst’s expectations on July 23, with second quarter EPS of $0.63 on revenue of $10B. Investing.com analysts expected EPS of $0.61 on revenue of $9.88B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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